Swisscom (OTCMKTS:SCMWY – Get Free Report) announced its earnings results on Thursday. The utilities provider reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04), Zacks reports. Swisscom had a net margin of 8.86% and a return on equity of 11.31%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.41 billion.
Swisscom Price Performance
SCMWY stock traded down $2.10 on Friday, reaching $87.69. 2,909 shares of the company’s stock were exchanged, compared to its average volume of 12,507. The stock has a fifty day moving average of $79.93 and a 200-day moving average of $82.49. The firm has a market cap of $454.25 billion, a PE ratio of 27.40, a P/E/G ratio of 2.15 and a beta of 0.30. The company has a quick ratio of 0.77, a current ratio of 0.62 and a debt-to-equity ratio of 0.97. Swisscom has a twelve month low of $68.01 and a twelve month high of $94.63.
Wall Street Analyst Weigh In
Separately, Barclays restated an “underweight” rating on shares of Swisscom in a research report on Tuesday, August 18th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.
Read Our Latest Stock Report on SCMWY
Swisscom Company Profile
Swisscom AG is a telecommunications and information technology company headquartered in Switzerland. It provides mobile and fixed-line phone services, broadband internet, television and related digital services to residential and business customers. Its business offerings also include IT, cloud and cybersecurity solutions.
Swisscom serves customers in Switzerland and Italy. In Italy, it operates through Fastweb; following the integration of Vodafone Italia, the business operates under the Fastweb + Vodafone name.
The company was established in 1998 when Switzerland’s former federal telecommunications and postal organization was divided into separate entities.
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