Zacks Investment Research upgraded shares of Swisscom AG (OTCMKTS:SCMWY) from a hold rating to a buy rating in a report published on Saturday morning. They currently have $56.00 target price on the utilities provider’s stock.

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. “

Several other brokerages have also commented on SCMWY. Berenberg Bank upgraded Swisscom AG from a sell rating to a hold rating in a report on Tuesday, June 20th. Jefferies Group LLC upgraded Swisscom AG from a hold rating to a buy rating in a report on Friday, June 16th.

Swisscom AG (SCMWY) opened at 50.39 on Friday. The stock has a market cap of $26.10 billion, a PE ratio of 15.18 and a beta of 0.43. Swisscom AG has a 1-year low of $42.14 and a 1-year high of $50.44. The stock has a 50 day moving average price of $49.62 and a 200 day moving average price of $47.07.

Swisscom AG (OTCMKTS:SCMWY) last issued its quarterly earnings data on Thursday, August 17th. The utilities provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.73 by $0.19. Swisscom AG had a return on equity of 28.80% and a net margin of 14.32%. The firm had revenue of $2.90 billion during the quarter. On average, analysts predict that Swisscom AG will post $2.72 EPS for the current fiscal year.

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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.

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