Swisscom (OTCMKTS:SCMWY) Sees Strong Trading Volume – What’s Next?

Swisscom AG (OTCMKTS:SCMWY) saw strong trading volume on Tuesday. 72,176 shares changed hands during trading, an increase of 508% from the previous session’s volume of 11,879 shares. The stock last traded at $75.52 and had previously closed at $77.25.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SCMWY. Morgan Stanley cut shares of Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Citigroup reaffirmed a “neutral” rating on shares of Swisscom in a research note on Monday, July 6th. Finally, Barclays reiterated an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Swisscom currently has a consensus rating of “Reduce”.

Swisscom Price Performance

The company has a quick ratio of 0.77, a current ratio of 0.62 and a debt-to-equity ratio of 0.97. The firm’s fifty day moving average price is $78.45 and its 200-day moving average price is $81.00. The stock has a market cap of $401.25 billion, a P/E ratio of 24.21, a PEG ratio of 2.14 and a beta of 0.28.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. Swisscom had a net margin of 8.86% and a return on equity of 11.31%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Analysts forecast that Swisscom AG will post 3.02 earnings per share for the current year.

About Swisscom

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, television, and related digital services to residential and business customers. Its offerings also include cloud computing, cybersecurity, IT infrastructure, data-center services, and communications solutions for enterprises and public-sector organizations.

Swisscom serves customers primarily in Switzerland and, through its Fastweb subsidiary, in Italy.