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

Swisscom AG (OTCMKTS:SCMWY) has been assigned an average recommendation of “Reduce” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.

SCMWY has been the subject of a number of research analyst reports. BNP Paribas Exane cut shares of Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Finally, Morgan Stanley cut shares of Swisscom to an “underweight” rating in a research note on Thursday, June 11th.

Swisscom Stock Performance

SCMWY opened at $76.55 on Friday. 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 has a 12-month low of $68.01 and a 12-month high of $94.63. The business has a 50 day moving average of $83.05 and a 200-day moving average of $82.97. The stock has a market cap of $396.54 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.84 and a beta of 0.28.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results 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). Swisscom had a return on equity of 10.63% and a net margin of 8.30%.The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.67 billion. On average, equities research analysts expect that Swisscom will post 3.19 earnings per share 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.