Swisscom (OTCMKTS:SCMWY) Reaches New 12-Month High – What’s Next?

Swisscom AG (OTCMKTS:SCMWY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $85.40 and last traded at $85.12, with a volume of 550 shares changing hands. The stock had previously closed at $81.7420.

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 equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Swisscom Stock Performance

The firm has a fifty day simple moving average of $73.59 and a 200-day simple moving average of $73.14. The firm has a market cap of $440.99 billion, a price-to-earnings ratio of 29.87 and a beta of 0.27.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13. The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.62 billion. Swisscom had a net margin of 8.87% and a return on equity of 10.34%. Analysts expect that Swisscom AG will post 3.47 earnings per share 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.