18 September 2015

Buying opprtunity for Swisscom (SCMN)?

Yesterday's closing price of Swisscom (VTX:SCMN) of CHF 486.80 represents a new one-year low for this stock.

The big drop in price happened last month, when Swisscom announced that the profit for the first half of the year was 2.2% lower than the previous year. Another factor must have been Swisscom's decision not to include a provision in its second quarter financials in relation to the CHF 143 million (EUR 132 million) fine demanded by the country’s competition watchdog over its alleged abuse of its dominant market position by marketing sports content exclusively to its subscribers.

See also this news article: Swisscom sees strong TV 2.0 growth, declines to make provision for fine

No comments: