Swisscom AG (SCMWY) Cut to Strong Sell at Zacks Investment Research
Swisscom AG (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday.
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. “
SCMWY has been the topic of a number of other research reports. RBC Capital Markets assumed coverage on Swisscom AG in a research note on Friday, September 23rd. They set an “underperform” rating on the stock. Jefferies Group assumed coverage on Swisscom AG in a research note on Thursday, October 6th. They set a “hold” rating on the stock.
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Shares of Swisscom AG (OTCMKTS:SCMWY) opened at 45.87 on Wednesday. Swisscom AG has a one year low of $45.26 and a one year high of $55.67. The stock has a market capitalization of $23.75 billion, a price-to-earnings ratio of 17.07 and a beta of 0.45. The firm’s 50-day moving average is $47.60 and its 200-day moving average is $48.92.
About Swisscom AG
Swisscom AG provides telecommunication services in Switzerland and Italy. The Company’s segments include Swisscom Switzerland, Fastweb, Other Operating Segments, Group Headquarters, which comprises the Company’s divisions, such as Group Business Steering, Group Strategy & Board Services, Group Communications & Responsibility, and Group Human Resources, as well as employment company Worklink AG.
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