Swisscom AG (SCMWY) Cut to “Sell” at Berenberg Bank
Swisscom AG (OTCMKTS:SCMWY) was downgraded by equities research analysts at Berenberg Bank from a “hold” rating to a “sell” rating in a research report issued on Thursday, Marketbeat Ratings reports.
Several other brokerages also recently commented on SCMWY. Zacks Investment Research upgraded Swisscom AG from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Thursday, August 24th. Jefferies Group LLC upgraded Swisscom AG from a “hold” rating to a “buy” rating in a research note on Friday, June 16th.
Shares of Swisscom AG (SCMWY) traded up 0.383% during midday trading on Thursday, reaching $51.045. The company’s stock had a trading volume of 4,486 shares. The firm has a market cap of $26.44 billion, a price-to-earnings ratio of 15.140 and a beta of 0.43. The company has a 50-day moving average price of $50.32 and a 200-day moving average price of $47.85. Swisscom AG has a 12 month low of $42.14 and a 12 month high of $51.42.
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, beating the Zacks’ consensus estimate of $0.73 by $0.19. The firm had revenue of $2.90 billion during the quarter. Swisscom AG had a return on equity of 28.80% and a net margin of 14.32%. Equities analysts expect that Swisscom AG will post $2.72 earnings per share for the current 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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