JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Swisscom (OTCMKTS:SCMWY)

JPMorgan Chase & Co. reiterated their neutral rating on shares of Swisscom (OTCMKTS:SCMWY) in a research report report published on Thursday morning, The Fly reports.

A number of other research analysts have also weighed in on the company. Berenberg Bank reaffirmed a sell rating on shares of Swisscom in a report on Thursday, May 27th. Credit Suisse Group reaffirmed an underperform rating on shares of Swisscom in a report on Friday, April 30th. UBS Group reissued a neutral rating on shares of Swisscom in a report on Monday, May 10th. Zacks Investment Research raised Swisscom from a sell rating to a hold rating in a report on Wednesday, May 26th. Finally, Barclays reissued an underweight rating on shares of Swisscom in a report on Friday, April 30th. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has a consensus rating of Hold and an average price target of $60.00.

Shares of SCMWY stock opened at $58.98 on Thursday. The business’s fifty day simple moving average is $54.83. Swisscom has a 1-year low of $49.87 and a 1-year high of $59.06. The firm has a market capitalization of $30.55 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 8.05 and a beta of 0.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.00 and a quick ratio of 1.00.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings data on Thursday, April 29th. The utilities provider reported $1.36 earnings per share for the quarter. Swisscom had a return on equity of 19.49% and a net margin of 15.94%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.95 billion. On average, equities research analysts anticipate that Swisscom will post 2.99 earnings per share for the current year.

Swisscom Company Profile

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. The company operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. It offers mobile and fixed-network services, such as telephony, broadband, TV, and mobile communications, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.

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