Zacks Investment Research Upgrades Swisscom (OTCMKTS:SCMWY) to Strong-Buy
Swisscom (OTCMKTS:SCMWY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The firm currently has a $60.00 target price on the utilities provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 15.59% from the stock’s previous close.
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. “
SCMWY has been the topic of several other research reports. Barclays upgraded Swisscom from an “underweight” rating to an “equal weight” rating in a research note on Thursday, March 12th. ValuEngine raised Swisscom from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Swisscom in a research report on Thursday, June 18th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Swisscom has an average rating of “Hold” and an average target price of $60.00.
Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings results on Thursday, April 30th. The utilities provider reported $0.79 EPS for the quarter. The firm had revenue of $2.83 billion for the quarter. Swisscom had a return on equity of 20.52% and a net margin of 14.84%. Analysts forecast that Swisscom will post 2.8 earnings per share for the current year.
Swisscom Company Profile
Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. The company operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. It offers broadband, TV, fixed-network, and mobile phone subscription services, as well as national and international telephone, and data traffic services for residential customers, and small and medium-sized enterprises.
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