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

Swisscom (OTCMKTS:SCMWY) was downgraded by investment analysts at New Street Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

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

Swisscom Trading Down 0.2%

SCMWY stock opened at $92.83 on Wednesday. The stock has a 50-day moving average price of $79.65 and a two-hundred day moving average price of $75.16. Swisscom has a 1 year low of $56.54 and a 1 year high of $93.07. The stock has a market cap of $480.87 billion, a PE ratio of 31.36 and a beta of 0.27.

Swisscom Company Profile

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.