Swisscom AG (OTCMKTS:SCMWY) Receives Average Rating of “Reduce” from Analysts

Swisscom AG (OTCMKTS:SCMWY) has earned a consensus rating of “Reduce” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and five have issued a hold rating on the company.

SCMWY has been the topic of a number of recent research reports. UBS Group lowered Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. New Street Research cut Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Finally, BNP Paribas Exane downgraded Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th.

Swisscom Price Performance

SCMWY stock opened at $86.72 on Thursday. Swisscom has a 1 year low of $63.61 and a 1 year high of $94.63. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50 day moving average price is $86.96 and its 200 day moving average price is $80.38. The firm has a market cap of $449.20 billion, a P/E ratio of 29.00, a PEG ratio of 2.07 and a beta of 0.26.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Swisscom had a net margin of 8.30% and a return on equity of 10.56%. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.67 billion. On average, sell-side analysts expect that Swisscom will post 3.25 earnings per share 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.