Swisscom (OTCMKTS:SCMWY) Shares Gap Up – Here’s What Happened

Swisscom AG (OTCMKTS:SCMWY)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $75.99, but opened at $79.51. Swisscom shares last traded at $79.51, with a volume of 261 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays reiterated an “underweight” rating on shares of Swisscom in a research report on Tuesday, August 18th. Citigroup restated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Five equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Swisscom Price Performance

The company’s 50 day moving average price is $78.38 and its 200-day moving average price is $80.57. The company has a market capitalization of $410.84 billion, a PE ratio of 24.78, a PEG ratio of 2.16 and a beta of 0.28. 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 released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Swisscom had a return on equity of 11.31% and a net margin of 8.86%. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.44 billion. On average, sell-side analysts forecast that Swisscom AG will post 3.02 earnings per share for the current fiscal year.

Swisscom Company Profile

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, television, and related digital services to residential and business customers. Its offerings also include cloud computing, cybersecurity, IT infrastructure, data-center services, and communications solutions for enterprises and public-sector organizations.

Swisscom serves customers primarily in Switzerland and, through its Fastweb subsidiary, in Italy.