Swisscom AG (OTCMKTS:SCMWY) Given Average Recommendation of “Reduce” by Brokerages

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

SCMWY has been the topic of several recent analyst reports. BNP Paribas Exane lowered shares of Swisscom from an “outperform” rating to a “hold” rating in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a research note on Thursday, April 23rd. Citigroup reiterated a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Finally, Morgan Stanley cut shares of Swisscom to an “underweight” rating in a research note on Thursday, June 11th.

Swisscom Price Performance

OTCMKTS SCMWY opened at $76.51 on Tuesday. The firm’s fifty day simple moving average is $79.27 and its two-hundred day simple moving average is $83.67. The firm has a market capitalization of $396.36 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.87 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.15. Swisscom has a 12-month low of $68.01 and a 12-month high of $94.63.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.67 billion. Swisscom had a net margin of 8.30% and a return on equity of 10.63%. Analysts forecast that Swisscom will post 3.19 EPS for the current fiscal year.

About Swisscom

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.