Swisscom AG (OTCMKTS:SCMWY) Receives Consensus Recommendation of “Reduce” from Analysts

Swisscom AG (OTCMKTS:SCMWY) has been given an average recommendation of “Reduce” by the eight research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company.

A number of research analysts have recently commented on the company. BNP Paribas Exane lowered Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Citigroup restated a “neutral” rating on shares of Swisscom in a research note on Monday. Morgan Stanley lowered shares of Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a research note on Thursday, April 23rd.

Swisscom Trading Down 0.5%

Swisscom stock opened at $75.80 on Friday. Swisscom has a 52 week low of $68.01 and a 52 week high of $94.63. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $392.66 billion, a PE ratio of 25.35, a PEG ratio of 1.86 and a beta of 0.28. The business’s 50-day simple moving average is $82.26 and its 200-day simple moving average is $83.15.

Swisscom (OTCMKTS:SCMWY) last announced its earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.67 billion. Swisscom had a net margin of 8.30% and a return on equity of 10.63%. Equities research analysts forecast that Swisscom will post 3.19 earnings per share for the current 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.