Swisscom AG (SCMWY) Rating Lowered to Sell at Berenberg Bank

Berenberg Bank cut shares of Swisscom AG (OTCMKTS:SCMWY) from a hold rating to a sell rating in a research note released on Thursday morning, MarketBeat Ratings reports.

Several other equities analysts also recently commented on SCMWY. Jefferies Group LLC upgraded shares of Swisscom AG from a hold rating to a buy rating in a report on Friday, June 16th. Zacks Investment Research downgraded shares of Swisscom AG from a buy rating to a hold rating in a report on Thursday, August 17th.

Shares of Swisscom AG (SCMWY) opened at 50.78 on Thursday. The firm has a market capitalization of $26.31 billion, a price-to-earnings ratio of 15.06 and a beta of 0.43. Swisscom AG has a 52-week low of $42.14 and a 52-week high of $51.42. The firm has a 50-day moving average of $50.37 and a 200 day moving average of $47.88.

Swisscom AG (OTCMKTS:SCMWY) last released its quarterly earnings data on Thursday, August 17th. The utilities provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.19. Swisscom AG had a net margin of 14.32% and a return on equity of 28.80%. The firm had revenue of $2.90 billion for the quarter. Analysts predict that Swisscom AG will post $2.72 EPS for the current year.

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About Swisscom AG

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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