Swisscom AG (OTCMKTS:SCMWY) Stock Now Rated “Reduce” by Wall Street Brokerages

Swisscom AG (OTCMKTS:SCMWY) has received a consensus recommendation of “Reduce” from the eight brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company.

Separately, Barclays reissued an “underweight” rating on shares of Swisscom in a research note on Tuesday, August 18th.

Swisscom Stock Performance

Shares of SCMWY opened at $87.42 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.62 and a debt-to-equity ratio of 0.97. The business’s 50 day moving average price is $79.72 and its 200-day moving average price is $82.41. Swisscom has a 52 week low of $68.01 and a 52 week high of $94.63. The stock has a market cap of $452.85 billion, a P/E ratio of 27.32, a P/E/G ratio of 2.09 and a beta of 0.30.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.44 billion. Swisscom had a return on equity of 11.31% and a net margin of 8.86%. Equities research analysts anticipate that Swisscom will post 3.15 earnings per share for the current fiscal year.

About Swisscom

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, digital television, and related connectivity services to consumers and businesses. The company also offers information technology, cloud computing, cybersecurity, networking, and digital workplace solutions for corporate and public-sector customers.

Swisscom serves customers primarily in Switzerland and has an international presence through Fastweb, its Italian subsidiary.