Swisscom AG (OTCMKTS:SCMWY) Given Consensus Rating of “Reduce” by Brokerages

Swisscom AG (OTCMKTS:SCMWY) has been given an average recommendation of “Reduce” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company.

Several brokerages recently commented on SCMWY. UBS Group cut Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Zacks Research upgraded shares of Swisscom from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, New Street Research downgraded shares of Swisscom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th.

Swisscom Stock Up 1.1%

Shares of OTCMKTS SCMWY traded up $1.03 during midday trading on Friday, reaching $92.96. 5,967 shares of the company were exchanged, compared to its average volume of 7,144. The stock’s 50-day moving average price is $82.54 and its 200-day moving average price is $76.12. The stock has a market cap of $481.55 billion, a P/E ratio of 31.41 and a beta of 0.26. Swisscom has a one year low of $57.55 and a one year high of $94.63.

Swisscom Company Profile

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.