Swisscom AG (SCMWY) Issues Earnings Results
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.
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.
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