Swisscom AG (OTCMKTS:SCMWY – Get Free Report) 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”.
Get Our Latest Report on SCMWY
Swisscom Price Performance
Swisscom (OTCMKTS:SCMWY – Get Free Report) 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.
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