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

Swisscom AG (OTCMKTS:SCMWY) has received a consensus recommendation of “Reduce” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating and five have issued a hold rating on the company.

Several research firms have recently issued reports on SCMWY. Citigroup reissued a “neutral” rating on shares of Swisscom in a research note on Monday, July 6th. Barclays reiterated an “underweight” rating on shares of Swisscom in a research report on Tuesday. Finally, Morgan Stanley lowered Swisscom to an “underweight” rating in a report on Thursday, June 11th.

Swisscom Stock Performance

Shares of SCMWY opened at $78.83 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50-day moving average of $77.75 and a two-hundred day moving average of $83.69. The stock has a market cap of $408.35 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.20 and a beta of 0.28. Swisscom has a one year low of $68.01 and a one year high of $94.63.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Swisscom had a return on equity of 11.30% and a net margin of 8.86%.The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. As a group, research analysts predict that Swisscom will post 3.18 EPS 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.