Swisscom AG (SCMWY) Raised 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 report issued on Saturday. The firm currently has a $56.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.09% from the company’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. “
Several other equities analysts have also recently weighed in on SCMWY. 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.
Shares of Swisscom AG (OTCMKTS:SCMWY) opened at 50.41 on Friday. The firm has a market capitalization of $26.11 billion, a PE ratio of 15.18 and a beta of 0.43. The company has a 50 day moving average of $49.62 and a 200 day moving average of $47.02. Swisscom AG has a 52-week low of $42.14 and a 52-week high of $50.44.
Swisscom AG (OTCMKTS:SCMWY) last released its earnings results on Thursday, August 17th. The utilities provider reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.19. Swisscom AG had a return on equity of 28.80% and a net margin of 14.32%. The company had revenue of $2.90 billion for the quarter. On average, analysts anticipate that Swisscom AG will post $2.72 earnings per share for the current fiscal 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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