Swisscom AG (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report issued on Wednesday, October 25th.
According to Zacks, “Swisscom is Switzerland’s leading telecommunications company. The innovative, customer-focused and strongly-competitive group offers a full range of voice and data communication services on fixed-line and mobile networks. Swisscom offers the complete spectrum of state-of-the-art data services, from leased lines to integrated solutions for corporate customers. “
Separately, Berenberg Bank cut Swisscom AG from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th.
Swisscom AG (SCMWY) traded down $0.35 during trading on Wednesday, hitting $50.60. 2,018 shares of the stock traded hands, compared to its average volume of 6,116. The company has a market capitalization of $26,392.10, a PE ratio of 14.77 and a beta of 0.45. Swisscom AG has a 52-week low of $42.14 and a 52-week high of $51.65. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.18.
Swisscom AG (OTCMKTS:SCMWY) last released its quarterly earnings results on Thursday, August 17th. The utilities provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.19. The firm had revenue of $2.90 billion for the quarter. Swisscom AG had a net margin of 14.32% and a return on equity of 28.80%. equities research analysts forecast that Swisscom AG will post 3.04 EPS for the current year.
About Swisscom AG
Swisscom AG is a holding company. The Company, through its subsidiaries, provides telecommunication services in Switzerland and Italy. The Company’s segments include Swisscom Switzerland, Fastweb, Other Operating Segments and Group Headquarters. Swisscom Switzerland comprises the customer segments, Residential Customers, Enterprise Customers and Wholesale, as well as the information technology (IT), Network and Infrastructure division.
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