Swisscom (SCMWY) Cut to “Neutral” at Citigroup
Swisscom (OTCMKTS:SCMWY) was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Monday.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Swisscom from a “sell” rating to a “hold” rating in a research report on Tuesday, November 28th. ValuEngine raised Swisscom from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. Finally, Berenberg Bank lowered Swisscom from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Swisscom currently has a consensus rating of “Hold” and a consensus target price of $56.00.
Shares of Swisscom (SCMWY) opened at $52.60 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $27,246.80, a price-to-earnings ratio of 15.25 and a beta of 0.46. Swisscom has a 12 month low of $42.96 and a 12 month high of $53.35.
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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