Swisscom (OTCMKTS:SCMWY) Sets New 12-Month High – Time to Buy?

Swisscom AG (OTCMKTS:SCMWY) shares hit a new 52-week high on Tuesday . The company traded as high as $68.49 and last traded at $68.37, with a volume of 5518 shares trading hands. The stock had previously closed at $67.21.

Analyst Ratings Changes

Separately, BNP Paribas cut shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 10th.

Swisscom Price Performance

The firm has a 50 day moving average price of $62.91 and a 200 day moving average price of $59.18. The stock has a market capitalization of $354.17 billion, a PE ratio of 20.23 and a beta of 0.30. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.85.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.13). Swisscom had a net margin of 14.19% and a return on equity of 12.00%. The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.19 billion. Research analysts anticipate that Swisscom AG will post 3.47 earnings per share for the current year.

About Swisscom

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.