Swisscom (OTCMKTS:SCMWY) Downgraded by New Street Research to Strong Sell

New Street Research lowered shares of Swisscom (OTCMKTS:SCMWY) from a hold rating to a strong sell rating in a research note published on Wednesday morning,Zacks.com reports.

Separately, Zacks Research raised Swisscom from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Swisscom currently has a consensus rating of “Reduce”.

Swisscom Trading Down 0.2%

Shares of OTCMKTS:SCMWY opened at $92.83 on Wednesday. The firm has a 50 day moving average of $79.65 and a 200-day moving average of $75.16. Swisscom has a 12 month low of $56.54 and a 12 month high of $93.07. The stock has a market capitalization of $480.87 billion, a PE ratio of 31.36 and a beta of 0.27.

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.