Swisscom AG (SCMWY) Cut to Hold at Zacks Investment Research
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.
ILLEGAL ACTIVITY WARNING: “Swisscom AG (SCMWY) Cut to Hold at Zacks Investment Research” was originally reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/06/14/swisscom-ag-scmwy-cut-to-hold-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Swisscom AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swisscom AG and related companies with MarketBeat.com's FREE daily email newsletter.