Swisscom (SCMWY) Rating Lowered to Hold at Zacks Investment Research

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.

Shares of Swisscom (SCMWY) traded up $0.34 on Tuesday, reaching $54.02. 1,270 shares of the company were exchanged, compared to its average volume of 8,215. The stock has a market capitalization of $27,900.00, a P/E ratio of 16.08 and a beta of 0.53. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.72. Swisscom has a 1-year low of $43.21 and a 1-year high of $54.09.

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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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