Swisscom (OTCMKTS:SCMWY) Sees Strong Trading Volume - Here's Why

Shares of Swisscom AG (OTCMKTS:SCMWY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 20,659 shares changed hands during mid-day trading, an increase of 37% from the previous session's volume of 15,060 shares.The stock last traded at $69.66 and had previously closed at $70.67.

Analysts Set New Price Targets

Several analysts have commented on SCMWY shares. BNP Paribas cut shares of Swisscom from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 10th. Berenberg Bank upgraded shares of Swisscom to a "hold" rating in a research report on Thursday.

Swisscom Stock Up 0.9%

The firm has a 50 day simple moving average of $67.71 and a two-hundred day simple moving average of $61.33. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $366.91 billion, a price-to-earnings ratio of 22.34 and a beta of 0.30.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last posted its earnings results on Thursday, May 8th. The utilities provider reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.13). Swisscom had a return on equity of 11.08% and a net margin of 11.06%. The firm had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.19 billion. As a group, sell-side analysts expect 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.