Swisscom AG (OTCMKTS:SCMWY) Given Average Recommendation of “Reduce” by Brokerages

Shares of Swisscom AG (OTCMKTS:SCMWY) have been given a consensus rating of “Reduce” by the seven research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company.

SCMWY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. New Street Research lowered shares of Swisscom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. UBS Group lowered shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, BNP Paribas Exane lowered shares of Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th.

Swisscom Stock Up 1.6%

Shares of SCMWY opened at $87.43 on Thursday. Swisscom has a 12 month low of $68.01 and a 12 month high of $94.63. The firm’s 50 day moving average is $86.35 and its 200-day moving average is $80.84. The stock has a market capitalization of $452.90 billion, a PE ratio of 29.24, a P/E/G ratio of 2.06 and a beta of 0.26. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96.

Swisscom (OTCMKTS:SCMWY) last announced its earnings results on Thursday, May 7th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). Swisscom had a return on equity of 10.56% and a net margin of 8.30%.The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.67 billion. Equities research analysts forecast that Swisscom will post 3.25 EPS for the current year.

About Swisscom

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.