Swisscom AG (SCMWY) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Swisscom AG (OTCMKTS:SCMWY) from a hold rating to a buy rating in a research note issued to investors on Saturday. They currently have $56.00 price objective on the utilities provider’s stock.
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. “
A number of other equities research analysts have also weighed in on the stock. Berenberg Bank upgraded shares of Swisscom AG from a sell rating to a hold rating in a report on Tuesday, June 20th. Jefferies Group LLC upgraded shares of Swisscom AG from a hold rating to a buy rating in a report on Friday, June 16th.
Shares of Swisscom AG (OTCMKTS SCMWY) opened at 50.09 on Friday. The firm has a market cap of $25.95 billion, a P/E ratio of 15.09 and a beta of 0.43. The company has a 50 day moving average price of $49.64 and a 200-day moving average price of $47.09. Swisscom AG has a 52-week low of $42.14 and a 52-week high of $50.61.
Swisscom AG (OTCMKTS:SCMWY) last posted its earnings results on Thursday, August 17th. The utilities provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.19. Swisscom AG had a net margin of 14.32% and a return on equity of 28.80%. The company had revenue of $2.90 billion for the quarter. On average, analysts expect that Swisscom AG will post $2.72 earnings per share for the current fiscal year.
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Swisscom AG Company Profile
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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