Zacks Investment Research Downgrades Swisscom AG (SCMWY) to Hold

Swisscom AG (NASDAQ:SCMWY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

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 lowered shares of Swisscom AG from a “hold” rating to a “sell” rating in a research note on Tuesday, January 17th.

Shares of Swisscom AG (NASDAQ:SCMWY) opened at 45.99 on Friday. Swisscom AG has a 52 week low of $42.14 and a 52 week high of $55.67. The stock’s 50 day moving average is $44.32 and its 200 day moving average is $45.21. The stock has a market cap of $23.82 billion and a price-to-earnings ratio of 15.07.

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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.

5 Day Chart for NASDAQ:SCMWY

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