Swisscom AG (SCMWY) Lifted to “Buy” at Zacks Investment Research
Swisscom AG (OTCMKTS:SCMWY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $54.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.52% from the stock’s previous close.
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 several other research reports. Berenberg Bank raised Swisscom AG from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Jefferies Group LLC raised Swisscom AG from a “hold” rating to a “buy” rating in a research note on Friday, June 16th.
Swisscom AG (SCMWY) opened at 48.42 on Wednesday. The stock has a market cap of $25.08 billion, a P/E ratio of 15.14 and a beta of 0.48. The stock’s 50 day moving average price is $46.88 and its 200-day moving average price is $45.08. Swisscom AG has a one year low of $42.14 and a one year high of $50.24.
Swisscom AG (OTCMKTS:SCMWY) last issued its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.02. The business had revenue of $2.82 billion for the quarter. Swisscom AG had a return on equity of 31.00% and a net margin of 13.94%. On average, analysts predict that Swisscom AG will post $2.72 earnings per share for the current year.
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Swisscom AG Company Profile
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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