Swisscom AG (OTCMKTS:SCMWY) Receives Consensus Recommendation of “Reduce” from Brokerages

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

Several research analysts have commented on SCMWY shares. BNP Paribas Exane cut shares of Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. New Street Research cut shares of Swisscom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. UBS Group cut shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Swisscom in a research report on Thursday.

Swisscom Price Performance

SCMWY opened at $85.12 on Friday. The firm has a market cap of $440.91 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.02 and a beta of 0.29. Swisscom has a fifty-two week low of $62.91 and a fifty-two week high of $94.63. The company’s 50-day moving average price is $88.44 and its 200 day moving average price is $79.47. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.96.

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.