Swisscom AG (OTCMKTS:SCMWY) Given Average Recommendation of “Reduce” by Brokerages

Swisscom AG (OTCMKTS:SCMWY) has earned an average rating of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.

A number of brokerages have issued reports on SCMWY. UBS Group cut shares of Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. New Street Research lowered Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th.

Swisscom Price Performance

Shares of OTCMKTS:SCMWY opened at $88.48 on Wednesday. The company has a 50-day moving average price of $86.70 and a two-hundred day moving average price of $77.65. The firm has a market capitalization of $458.34 billion, a PE ratio of 29.89 and a beta of 0.26. Swisscom has a twelve month low of $57.55 and a twelve month high of $94.63. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.96.

Swisscom Company Profile

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.