Zacks Investment Research Lowers Swisscom AG (SCMWY) to Hold
Swisscom AG (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
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. “
Other research analysts also recently issued reports about the company. 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 (OTCMKTS:SCMWY) traded up 0.58% during trading on Friday, reaching $50.41. The company’s stock had a trading volume of 7,745 shares. The stock’s 50-day moving average is $49.62 and its 200 day moving average is $47.02. Swisscom AG has a 52-week low of $42.14 and a 52-week high of $50.44. The firm has a market capitalization of $26.11 billion, a price-to-earnings ratio of 15.18 and a beta of 0.43.
Swisscom AG (OTCMKTS:SCMWY) last posted its quarterly earnings results on Thursday, August 17th. The utilities provider reported $0.92 earnings per share for the quarter, topping the Zacks’ 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 during the quarter. On average, analysts predict that Swisscom AG will post $2.72 EPS 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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