Swisscom (OTCMKTS:SCMWY – Get Free Report) announced its quarterly earnings data on Thursday. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06), Zacks reports. Swisscom had a return on equity of 10.34% and a net margin of 8.87%.
Swisscom Trading Up 1.5%
Swisscom stock traded up $1.30 during mid-day trading on Thursday, hitting $88.79. The company had a trading volume of 2,798 shares, compared to its average volume of 6,300. The company has a market capitalization of $459.95 billion, a price-to-earnings ratio of 31.15 and a beta of 0.27. Swisscom has a 12-month low of $54.66 and a 12-month high of $89.48. The company’s fifty day moving average is $75.25 and its 200-day moving average is $73.73.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of Swisscom from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Swisscom currently has an average rating of “Hold”.
Swisscom Company Profile
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.
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