Swisscom (OTCMKTS:SCMWY) Reaches New 52-Week High - Here's What Happened

Swisscom AG (OTCMKTS:SCMWY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $70.39 and last traded at $68.48, with a volume of 5786 shares traded. The stock had previously closed at $68.95.

Analyst Upgrades and Downgrades

Separately, BNP Paribas downgraded Swisscom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 10th.

Swisscom Trading Up 1.3%

The firm has a market cap of $360.65 billion, a PE ratio of 20.60 and a beta of 0.30. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.11 and a quick ratio of 2.11. The business has a 50-day moving average price of $66.02 and a two-hundred day moving average price of $60.36.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.79 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.13). Swisscom had a net margin of 14.19% and a return on equity of 12.00%. The company had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.19 billion. Analysts forecast that Swisscom AG will post 3.47 EPS for the current year.

Swisscom Company Profile

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.