Shares of Swisscom AG (OTCMKTS:SCMWY – Get Free Report) have been given a consensus recommendation of “Reduce” by the nine brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company.
A number of equities research analysts have commented on SCMWY shares. Citigroup reiterated a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Morgan Stanley downgraded Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Finally, Barclays reaffirmed an “underweight” rating on shares of Swisscom in a research note on Tuesday, August 18th.
Read Our Latest Report on Swisscom
Swisscom Stock Performance
Swisscom (OTCMKTS:SCMWY – Get Free Report) last posted its earnings results on Thursday, August 6th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.44 billion. Swisscom had a net margin of 8.86% and a return on equity of 11.31%. On average, equities research analysts predict that Swisscom will post 3.18 earnings per share for the current year.
Swisscom Company Profile
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, cybersecurity, networking, and unified communications solutions for corporate and public-sector customers.
Swisscom serves customers primarily in Switzerland, where it operates one of the country’s largest communications networks.
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