Swisscom AG (OTCMKTS:SCMWY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Swisscom AG (OTCMKTS:SCMWY) have been assigned an average rating of “Reduce” from the eight brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company.

Several analysts recently commented on the company. New Street Research cut Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Morgan Stanley cut Swisscom to an “underweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. UBS Group cut Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, BNP Paribas Exane cut Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th.

Swisscom Stock Performance

OTCMKTS SCMWY opened at $83.02 on Monday. The company has a market capitalization of $430.05 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.00 and a beta of 0.26. Swisscom has a twelve month low of $68.01 and a twelve month high of $94.63. The stock has a fifty day simple moving average of $84.74 and a 200 day simple moving average of $82.10. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.15.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The company had revenue of $4.63 billion during 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%. Sell-side analysts expect that Swisscom will post 3.19 EPS for the current 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.