Swisscom AG (OTCMKTS:SCMWY) Given Average Rating of “Reduce” by Analysts

Swisscom AG (OTCMKTS:SCMWY) has been assigned an average recommendation of “Reduce” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company.

SCMWY has been the subject of several research analyst reports. BNP Paribas Exane downgraded Swisscom from an “outperform” rating to a “hold” rating in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a research note on Thursday, April 23rd. Morgan Stanley cut shares of Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th.

Swisscom Stock Performance

SCMWY opened at $76.75 on Tuesday. The firm has a fifty day moving average price of $79.48 and a 200 day moving average price of $83.58. Swisscom has a 1 year low of $68.01 and a 1 year high of $94.63. The stock has a market cap of $397.58 billion, a P/E ratio of 25.67, a P/E/G ratio of 1.87 and a beta of 0.28. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77.

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

Swisscom Company Profile

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.