Swisscom (OTCMKTS:SCMWY) Shares Gap Up – Should You Buy?

Shares of Swisscom AG (OTCMKTS:SCMWY) gapped up prior to trading on Tuesday . The stock had previously closed at $77.6330, but opened at $81.8456. Swisscom shares last traded at $81.50, with a volume of 673 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on SCMWY shares. BNP Paribas Exane upgraded Swisscom from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. Zacks Research upgraded Swisscom from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. One 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Swisscom Stock Up 0.8%

The company has a market cap of $428.09 billion, a price-to-earnings ratio of 29.00 and a beta of 0.26. The stock’s 50-day simple moving average is $72.98 and its 200 day simple moving average is $72.85.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. Swisscom had a net margin of 8.87% and a return on equity of 10.34%. The business had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.62 billion. On average, sell-side analysts expect that Swisscom AG will post 3.47 EPS 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.