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

Swisscom AG (OTCMKTS:SCMWY) has been given a consensus recommendation of “Reduce” by the seven brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

Separately, Barclays reaffirmed an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th.

Swisscom Stock Down 0.9%

OTCMKTS SCMWY opened at $85.27 on Thursday. The business has a fifty day moving average price of $80.63 and a two-hundred day moving average price of $82.70. The stock has a market capitalization of $441.73 billion, a PE ratio of 27.48, a PEG ratio of 2.51 and a beta of 0.30. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.62 and a quick ratio of 0.77. Swisscom has a fifty-two week low of $68.01 and a fifty-two week high of $94.63.

Swisscom (OTCMKTS:SCMWY) last issued its earnings results on Thursday, November 5th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). Swisscom had a return on equity of 11.18% and a net margin of 8.73%. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.41 billion. Equities analysts expect that Swisscom will post 3.32 earnings per share for the current fiscal year.

About Swisscom

Swisscom AG is a telecommunications and information technology company headquartered in Switzerland. It provides mobile and fixed-line phone services, broadband internet, television and related digital services to residential and business customers. Its business offerings also include IT, cloud and cybersecurity solutions. Swisscom serves customers in Switzerland and Italy. In Italy, it operates through Fastweb; following the integration of Vodafone Italia, the business operates under the Fastweb + Vodafone name.