Swisscom AG (OTCMKTS:SCMWY) Receives Average Rating of “Reduce” from Analysts

Swisscom AG (OTCMKTS:SCMWY) has earned a consensus rating of “Reduce” from the nine brokerages that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company.

SCMWY has been the subject of a number of research analyst reports. Citigroup restated a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Morgan Stanley cut Swisscom to an “underweight” rating in a report on Thursday, June 11th. Finally, Barclays restated an “underweight” rating on shares of Swisscom in a research report on Tuesday, August 18th.

Swisscom Stock Down 1.3%

OTCMKTS SCMWY opened at $79.19 on Friday. Swisscom has a 12 month low of $68.01 and a 12 month high of $94.63. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.15. The stock has a market cap of $410.23 billion, a PE ratio of 24.75, a P/E/G ratio of 2.23 and a beta of 0.28. The stock’s 50 day moving average is $77.69 and its 200 day moving average is $83.61.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Swisscom had a net margin of 8.86% and a return on equity of 11.30%. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.44 billion. Research analysts predict that Swisscom will post 3.18 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.