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

Swisscom AG (OTCMKTS:SCMWY) has been assigned a consensus recommendation of “Reduce” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company.

Several research firms recently weighed in on SCMWY. Citigroup reiterated a “neutral” rating on shares of Swisscom in a research note on Monday, July 6th. Morgan Stanley downgraded Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Finally, Barclays reaffirmed an “underweight” rating on shares of Swisscom in a research report on Tuesday, August 18th.

Swisscom Stock Down 0.5%

SCMWY stock opened at $77.75 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77. Swisscom has a 1-year low of $68.01 and a 1-year high of $94.63. The firm has a fifty day moving average price of $77.68 and a two-hundred day moving average price of $83.52. The firm has a market cap of $402.76 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 2.17 and a beta of 0.28.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Swisscom had a net margin of 8.86% and a return on equity of 11.30%. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.44 billion. Research analysts predict that Swisscom will post 3.18 EPS for the current 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.