Swisscom (OTCMKTS:SCMWY) Shares Gap Down – What’s Next?

Swisscom AG (OTCMKTS:SCMWY) shares gapped down prior to trading on Friday. The stock had previously closed at $77.73, but opened at $75.45. Swisscom shares last traded at $75.64, with a volume of 5,005 shares traded.

Analyst Upgrades and Downgrades

SCMWY has been the subject of a number of research analyst reports. Citigroup reissued a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Morgan Stanley downgraded Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Finally, Barclays reiterated an “underweight” rating on shares of Swisscom in a research note on Tuesday, August 18th. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Swisscom has an average rating of “Reduce”.

Swisscom Stock Performance

The firm’s 50 day moving average price is $78.45 and its 200-day moving average price is $80.94. The firm has a market cap of $394.68 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 2.21 and a beta of 0.28. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.62 and a quick ratio of 0.77.

Swisscom (OTCMKTS:SCMWY) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. Swisscom had a net margin of 8.86% and a return on equity of 11.31%. On average, analysts anticipate 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.