Swisscom (OTCMKTS:SCMWY) Hits New 1-Year High – Time to Buy?

Swisscom AG (OTCMKTS:SCMWY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $75.6650 and last traded at $75.6650, with a volume of 2534 shares trading hands. The stock had previously closed at $73.9750.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SCMWY shares. Zacks Research raised Swisscom from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Kepler Capital Markets raised Swisscom to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, BNP Paribas upgraded shares of Swisscom from a “hold” rating to an “outperform” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Swisscom presently has an average rating of “Hold”.

Swisscom Trading Up 2.3%

The firm has a market cap of $391.93 billion, a PE ratio of 26.55 and a beta of 0.26. The business has a fifty day moving average price of $72.13 and a 200 day moving average price of $72.44.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Thursday, November 6th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.13. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.62 billion. Swisscom had a return on equity of 10.34% and a net margin of 8.87%. On average, research analysts expect that Swisscom AG will post 3.47 earnings per share for the current fiscal year.

About Swisscom

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.