Swisscom AG (OTCMKTS:SCMWY) Given Consensus Recommendation of “Reduce” by Analysts

Swisscom AG (OTCMKTS:SCMWY) has received an average recommendation of “Reduce” from the seven ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

Several research firms have recently commented on SCMWY. Morgan Stanley downgraded Swisscom to an “underweight” rating in a report on Thursday, June 11th. BNP Paribas Exane downgraded shares of Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd.

Swisscom Price Performance

OTCMKTS:SCMWY opened at $76.55 on Friday. Swisscom has a 52-week low of $68.01 and a 52-week high of $94.63. The company has a market cap of $396.54 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.84 and a beta of 0.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.77 and a current ratio of 0.77. The stock’s 50-day simple moving average is $83.05 and its 200 day simple moving average is $82.97.

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

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.