Swisscom (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
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 a number of other research reports. ValuEngine raised shares of Swisscom from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Citigroup lowered shares of Swisscom from a “buy” rating to a “neutral” rating in a report on Monday, December 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Swisscom has an average rating of “Hold” and a consensus target price of $60.00.
Swisscom (OTCMKTS:SCMWY) last released its earnings results on Wednesday, February 7th. The utilities provider reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.05). Swisscom had a net margin of 13.47% and a return on equity of 22.88%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.07 billion. research analysts forecast that Swisscom will post 2.94 earnings per share for the current year.
Swisscom 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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