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

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

Several research analysts have issued reports on the company. BNP Paribas Exane downgraded Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a research note on Thursday, April 23rd. Morgan Stanley lowered Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th.

Swisscom Price Performance

Shares of SCMWY stock opened at $77.14 on Tuesday. Swisscom has a 1 year low of $68.01 and a 1 year high of $94.63. The firm’s 50 day moving average is $80.18 and its 200-day moving average is $83.53. The firm has a market capitalization of $399.60 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.85 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.15.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly 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). 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 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.