Swisscom (OTCMKTS:SCMWY) Sees Strong Trading Volume – Here’s What Happened

Shares of Swisscom AG (OTCMKTS:SCMWY) saw an uptick in trading volume on Thursday. 52,598 shares changed hands during mid-day trading, an increase of 320% from the previous session’s volume of 12,530 shares. The stock last traded at $83.08 and had previously closed at $81.29.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Barclays reaffirmed an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Swisscom presently has an average rating of “Reduce”.

Swisscom Price Performance

The firm has a market capitalization of $432.35 billion, a P/E ratio of 26.08, a P/E/G ratio of 2.00 and a beta of 0.28. The business’s fifty day moving average is $78.66 and its 200 day moving average is $80.44. The company has a current ratio of 0.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.97.

Swisscom (OTCMKTS:SCMWY) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Swisscom had a net margin of 8.86% and a return on equity of 11.31%. As a group, analysts forecast that Swisscom AG will post 3.15 EPS for the current year.

Swisscom Company Profile

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, digital television, and related connectivity services to consumers and businesses. The company also offers information technology, cloud computing, cybersecurity, networking, and digital workplace solutions for corporate and public-sector customers.

Swisscom serves customers primarily in Switzerland and has an international presence through Fastweb, its Italian subsidiary.