Zacks Investment Research Lowers Swisscom AG (SCMWY) to Hold
Zacks Investment Research downgraded shares of Swisscom AG (OTCMKTS:SCMWY) from a buy rating to a hold rating in a research report released on Tuesday 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. “
A number of other research analysts also recently issued reports on the company. Berenberg Bank upgraded Swisscom AG from a sell rating to a hold rating in a report on Tuesday, June 20th. Jefferies Group LLC raised Swisscom AG from a hold rating to a buy rating in a research report on Friday, June 16th.
Swisscom AG (OTCMKTS SCMWY) opened at 50.34 on Tuesday. The firm has a market capitalization of $26.08 billion, a price-to-earnings ratio of 15.16 and a beta of 0.43. The company’s 50-day moving average price is $49.47 and its 200-day moving average price is $46.82. Swisscom AG has a 12-month low of $42.14 and a 12-month high of $50.36.
Swisscom AG (OTCMKTS:SCMWY) last released its quarterly earnings data on Thursday, August 17th. The utilities provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. The business had revenue of $2.90 billion during the quarter. Swisscom AG had a return on equity of 29.49% and a net margin of 14.32%. Equities analysts expect that Swisscom AG will post $2.72 EPS 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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