Swisscom (OTCMKTS:SCMWY) Shares Gap Down – What’s Next?

Swisscom AG (OTCMKTS:SCMWY) gapped down prior to trading on Wednesday . The stock had previously closed at $82.01, but opened at $79.12. Swisscom shares last traded at $79.12, with a volume of 275 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. BNP Paribas Exane downgraded shares of Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Morgan Stanley downgraded shares of Swisscom to an “underweight” rating in a report on Thursday, June 11th. New Street Research downgraded Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Finally, UBS Group lowered Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Swisscom Stock Performance

The company has a market capitalization of $410.32 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.00 and a beta of 0.26. The stock has a fifty day moving average price of $84.65 and a two-hundred day moving average price of $82.30. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.15.

Swisscom (OTCMKTS:SCMWY) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.67 billion. Swisscom had a return on equity of 10.63% and a net margin of 8.30%. As a group, analysts forecast that Swisscom AG will post 3.19 EPS for the current fiscal year.

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.