Zacks Investment Research Lowers Swisscom (SCMWY) to Hold

Swisscom (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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 subject of several other reports. ValuEngine cut Swisscom from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Citigroup cut Swisscom from a “buy” rating to a “neutral” rating in a report on Monday, December 11th. Finally, Berenberg Bank cut Swisscom from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $58.00.

Swisscom (OTCMKTS SCMWY) traded down $0.09 during trading hours on Tuesday, reaching $53.87. The company had a trading volume of 3,388 shares, compared to its average volume of 7,597. The firm has a market cap of $27,935.74, a PE ratio of 15.61 and a beta of 0.46. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.72 and a current ratio of 0.72. Swisscom has a 1-year low of $43.21 and a 1-year high of $53.93.

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About Swisscom

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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