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

Shares of Swisscom AG (OTCMKTS:SCMWY) have earned a consensus rating of “Reduce” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company.

A number of research analysts recently commented on the stock. BNP Paribas Exane downgraded shares of Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. UBS Group downgraded shares of Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. New Street Research downgraded shares of Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd.

Swisscom Stock Performance

OTCMKTS:SCMWY opened at $82.26 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $426.12 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 2.01 and a beta of 0.26. Swisscom has a one year low of $68.01 and a one year high of $94.63. The business has a fifty day moving average price of $85.07 and a 200-day moving average price of $81.81.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.67 billion. Swisscom had a return on equity of 10.63% and a net margin of 8.30%. Sell-side analysts forecast that Swisscom will post 3.19 EPS for the current year.

About Swisscom

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.