Swisscom AG (OTCMKTS:SCMWY) released its quarterly earnings results on Thursday. The utilities provider reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.19, MarketWatch Earnings reports. Swisscom AG had a return on equity of 31.00% and a net margin of 13.94%.

Swisscom AG (OTCMKTS:SCMWY) opened at 49.52 on Thursday. Swisscom AG has a 52 week low of $42.14 and a 52 week high of $49.86. The stock’s 50 day moving average price is $49.04 and its 200-day moving average price is $46.37. The company has a market capitalization of $25.65 billion, a PE ratio of 15.37 and a beta of 0.43.

A number of equities research analysts have weighed in on SCMWY shares. Zacks Investment Research upgraded Swisscom AG from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Wednesday, June 28th. Jefferies Group LLC upgraded Swisscom AG from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Berenberg Bank upgraded Swisscom AG from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th.

COPYRIGHT VIOLATION WARNING: “Swisscom AG (SCMWY) Issues Earnings Results” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/08/17/swisscom-ag-scmwy-issues-earnings-results.html.

About Swisscom AG

Swisscom AG is a holding company. The Company, through its subsidiaries, provides telecommunication services in Switzerland and Italy. The Company’s segments include Swisscom Switzerland, Fastweb, Other Operating Segments and Group Headquarters. Swisscom Switzerland comprises the customer segments, Residential Customers, Enterprise Customers and Wholesale, as well as the information technology (IT), Network and Infrastructure division.

Earnings History for Swisscom AG (OTCMKTS:SCMWY)

Receive News & Ratings for Swisscom AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swisscom AG and related companies with MarketBeat.com's FREE daily email newsletter.