Swisscom (SCMWY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Swisscom (OTCMKTS:SCMWY) from a hold rating to a buy rating in a research report report published on Wednesday. The brokerage currently has $60.00 target price on the utilities provider’s stock.

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. “

Other equities research analysts also recently issued reports about the stock. ValuEngine raised shares of Swisscom from a hold rating to a buy rating in a research note on Monday, November 20th. Citigroup downgraded shares of Swisscom from a buy rating to a neutral rating in a research note on Monday, December 11th. Finally, Berenberg Bank downgraded shares of Swisscom from a hold rating to a sell rating in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $60.00.

Shares of Swisscom (OTCMKTS:SCMWY) opened at $53.68 on Wednesday. Swisscom has a 52 week low of $43.21 and a 52 week high of $54.09. The firm has a market cap of $27,807.31, a P/E ratio of 15.56 and a beta of 0.46. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.90.

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About Swisscom

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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