Swisscom (OTCMKTS:SCMWY) Sees Large Volume Increase - Here's Why

Shares of Swisscom AG (OTCMKTS:SCMWY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 20,659 shares were traded 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.

Analyst Ratings Changes

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

Swisscom Trading Down 1.5%

The business has a 50 day moving average price of $67.43 and a 200 day moving average price of $61.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $360.41 billion, a P/E ratio of 21.95 and a beta of 0.30.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.13). The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.19 billion. Swisscom had a return on equity of 11.08% and a net margin of 11.06%. Analysts anticipate 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.