Swisscom (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, January 9th.
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. “
SCMWY has been the topic of a number of other reports. ValuEngine cut shares of Swisscom from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Citigroup cut shares of Swisscom from a “buy” rating to a “neutral” rating in a report on Monday, December 11th. Finally, Berenberg Bank cut shares of Swisscom from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Swisscom currently has a consensus rating of “Hold” and an average target price of $60.00.
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Swisscom Company Profile
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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