Zacks Investment Research downgraded shares of Swisscom AG (NASDAQ:SCMWY) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

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. “

Separately, Berenberg Bank cut Swisscom AG from a hold rating to a sell rating in a research report on Tuesday, January 17th.

Swisscom AG (NASDAQ:SCMWY) traded down 0.32% during mid-day trading on Friday, reaching $46.08. The company’s stock had a trading volume of 12,483 shares. The stock has a market cap of $23.87 billion and a PE ratio of 15.10. Swisscom AG has a 52-week low of $42.14 and a 52-week high of $55.67. The company has a 50 day moving average of $44.32 and a 200-day moving average of $45.21.

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About Swisscom AG

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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