Zacks Investment Research Downgrades Swisscom AG (SCMWY) to Sell
Swisscom AG (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research note issued on Wednesday.
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 downgraded Swisscom AG from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th.
Shares of Swisscom AG (OTCMKTS SCMWY) opened at 50.32 on Wednesday. The firm has a market cap of $26.07 billion, a price-to-earnings ratio of 14.92 and a beta of 0.43. The stock’s 50 day moving average price is $50.70 and its 200 day moving average price is $48.40. Swisscom AG has a one year low of $42.14 and a one year high of $51.65.
Swisscom AG (OTCMKTS:SCMWY) last issued its quarterly earnings results on Thursday, August 17th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.19. The business had revenue of $2.90 billion for the quarter. Swisscom AG had a return on equity of 28.80% and a net margin of 14.32%. On average, equities analysts anticipate that Swisscom AG will post $2.72 earnings per share for the current fiscal year.
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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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