Swisscom AG (SCMWY) Rating Increased to Buy at Zacks Investment Research

Swisscom AG (OTCMKTS:SCMWY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The firm presently has a $56.00 target price on the utilities provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.09% from the stock’s current price.

According to Zacks, “Swisscom is Switzerland’s leading telecommunications company. The innovative, customer-focused and strongly-competitive group offers a full range of voice and data communication services on fixed-line and mobile networks. Swisscom offers the complete spectrum of state-of-the-art data services, from leased lines to integrated solutions for corporate customers. “

Other equities research analysts have also issued research reports about the stock. Jefferies Group LLC raised shares of Swisscom AG from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Berenberg Bank raised shares of Swisscom AG from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th.

Swisscom AG (SCMWY) opened at 50.41 on Friday. The firm has a market capitalization of $26.11 billion, a price-to-earnings ratio of 15.18 and a beta of 0.43. Swisscom AG has a 1-year low of $42.14 and a 1-year high of $50.44. The firm’s 50-day moving average is $49.62 and its 200-day moving average is $47.02.

Swisscom AG (OTCMKTS:SCMWY) last posted its earnings results on Thursday, August 17th. The utilities provider reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.19. Swisscom AG had a net margin of 14.32% and a return on equity of 28.80%. The business had revenue of $2.90 billion for the quarter. On average, equities analysts anticipate that Swisscom AG will post $2.72 EPS for the current year.

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About Swisscom AG

Swisscom AG is a holding company. The Company, through its subsidiaries, provides telecommunication services in Switzerland and Italy. The Company’s segments include Swisscom Switzerland, Fastweb, Other Operating Segments and Group Headquarters. Swisscom Switzerland comprises the customer segments, Residential Customers, Enterprise Customers and Wholesale, as well as the information technology (IT), Network and Infrastructure division.

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