Swisscom AG (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued 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. “

Swisscom AG (OTCMKTS SCMWY) opened at 47.32 on Wednesday. Swisscom AG has a 52 week low of $42.14 and a 52 week high of $50.24. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of 14.89 and a beta of 0.48. The company has a 50-day moving average of $46.35 and a 200-day moving average of $44.89.

Swisscom AG (OTCMKTS:SCMWY) last posted its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Swisscom AG had a net margin of 13.94% and a return on equity of 31.00%. The firm had revenue of $2.82 billion during the quarter. On average, equities analysts forecast that Swisscom AG will post $2.72 earnings per share for the current fiscal year.

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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.

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