Swisscom (SCMWY) Announces Quarterly Earnings Results
Swisscom (OTCMKTS:SCMWY) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.05), Morningstar.com reports. Swisscom had a return on equity of 24.64% and a net margin of 14.45%.
Swisscom (OTCMKTS SCMWY) opened at $53.53 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. Swisscom has a 1-year low of $43.21 and a 1-year high of $55.62. The company has a market cap of $27,315.20, a PE ratio of 16.08 and a beta of 0.46.
Several analysts have weighed in on SCMWY shares. ValuEngine upgraded shares of Swisscom from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Swisscom from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Thursday, December 14th. Finally, Citigroup cut shares of Swisscom from a “buy” rating to a “neutral” rating in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Swisscom currently has an average rating of “Hold” and an average price target of $60.00.
Swisscom AG is a holding company. The Company, through its subsidiaries, provides telecommunication services in Switzerland and Italy. The Company’s segments include Swisscom Switzerland, Fastweb, Other Operating Segments and Group Headquarters. Swisscom Switzerland comprises the customer segments, Residential Customers, Enterprise Customers and Wholesale, as well as the information technology (IT), Network and Infrastructure division.
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