Swisscom AG (SCMWY) Cut to Hold at Zacks Investment Research
Swisscom AG (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Swisscom is Switzerland’s leading telecommunications company. The innovative, customer-focused and strongly-competitive group offers a full range of voice and data communication services on fixed-line and mobile networks. Swisscom offers the complete spectrum of state-of-the-art data services, from leased lines to integrated solutions for corporate customers. “
Several other research analysts also recently weighed in on SCMWY. Jefferies Group LLC upgraded Swisscom AG from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Berenberg Bank upgraded Swisscom AG from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th.
Shares of Swisscom AG (OTCMKTS SCMWY) opened at 50.01 on Tuesday. The company has a market cap of $25.91 billion, a P/E ratio of 15.09 and a beta of 0.43. Swisscom AG has a one year low of $42.14 and a one year high of $50.27. The company’s 50 day moving average is $49.28 and its 200 day moving average is $46.65.
Swisscom AG (OTCMKTS:SCMWY) last released its earnings results on Thursday, August 17th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.19. The company had revenue of $2.90 billion during the quarter. Swisscom AG had a net margin of 14.32% and a return on equity of 29.49%. On average, equities analysts predict that Swisscom AG will post $2.72 earnings per share for the current year.
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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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