Swisscom (OTCMKTS:SCMWY) Cut to “Hold” at UBS Group

Swisscom (OTCMKTS:SCMWY) was downgraded by equities research analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on SCMWY. New Street Research cut Swisscom from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Zacks Research raised Swisscom from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Swisscom Trading Up 2.7%

Shares of OTCMKTS:SCMWY opened at $93.68 on Thursday. Swisscom has a 52 week low of $56.75 and a 52 week high of $94.63. The company’s 50 day moving average is $80.51 and its two-hundred day moving average is $75.43. The company has a market cap of $485.28 billion, a PE ratio of 31.65 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.