Swisscom AG (OTCMKTS:SCMWY) Receives Consensus Recommendation of “Reduce” from Analysts

Swisscom AG (OTCMKTS:SCMWY) has been given a consensus rating of “Reduce” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Morgan Stanley lowered Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Citigroup reaffirmed a “neutral” rating on shares of Swisscom in a research report on Monday. Finally, BNP Paribas Exane downgraded Swisscom from an “outperform” rating to a “hold” rating in a research note on Tuesday, April 14th.

Swisscom Stock Up 0.7%

OTCMKTS:SCMWY opened at $75.74 on Friday. Swisscom has a 12-month low of $68.01 and a 12-month high of $94.63. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $392.34 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.83 and a beta of 0.28. The stock’s fifty day simple moving average is $82.54 and its 200-day simple moving average is $83.08.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). Swisscom had a net margin of 8.30% and a return on equity of 10.63%. The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.67 billion. Equities research analysts expect that Swisscom will post 3.19 earnings per share for the current year.

About Swisscom

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.