Swisscom AG (SCMWY) Downgraded to Sell at Berenberg Bank
Swisscom AG (OTCMKTS:SCMWY) was downgraded by investment analysts at Berenberg Bank from a “hold” rating to a “sell” rating in a research report issued on Thursday.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Swisscom AG from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Thursday, August 24th. Jefferies Group LLC upgraded shares of Swisscom AG from a “hold” rating to a “buy” rating in a research note on Friday, June 16th.
Shares of Swisscom AG (OTCMKTS:SCMWY) opened at 50.85 on Thursday. Swisscom AG has a 12 month low of $42.14 and a 12 month high of $51.42. The company’s 50-day moving average is $50.28 and its 200-day moving average is $47.83. The stock has a market capitalization of $26.34 billion, a PE ratio of 15.56 and a beta of 0.43.
Swisscom AG (OTCMKTS:SCMWY) last posted its earnings results on Thursday, August 17th. The utilities provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.73 by $0.19. Swisscom AG had a net margin of 14.32% and a return on equity of 28.80%. The business had revenue of $2.90 billion for the quarter. Equities research analysts expect that Swisscom AG will post $2.72 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This news story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/swisscom-ag-scmwy-downgraded-to-sell-at-berenberg-bank/1609582.html.
Swisscom AG Company Profile
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.
Receive News & Ratings for Swisscom AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swisscom AG and related companies with Analyst Ratings Network's FREE daily email newsletter.