Swisscom (OTCMKTS:SCMWY) Stock Jumps 5.1% – Still a Buy?

Swisscom AG (OTCMKTS:SCMWY)’s share price was up 5.1% during mid-day trading on Friday. The company traded as high as $81.01 and last traded at $80.95. Approximately 856 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 12,470 shares. The stock had previously closed at $77.00.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SCMWY. Barclays reissued an “underweight” rating on shares of Swisscom in a research note on Tuesday, August 18th. Citigroup restated a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Swisscom presently has an average rating of “Reduce”.

Swisscom Trading Up 2.4%

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 company has a market capitalization of $422.28 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.89 and a beta of 0.28. The stock’s 50 day moving average is $78.39 and its two-hundred day moving average is $80.52.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Thursday, August 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Swisscom had a net margin of 8.86% and a return on equity of 11.31%. As a group, sell-side analysts predict that Swisscom AG will post 3.15 EPS for the current fiscal 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.