Swisscom AG (OTCMKTS:SCMWY) Given Consensus Recommendation of “Reduce” by Brokerages

Swisscom AG (OTCMKTS:SCMWY) has received a consensus rating of “Reduce” from the seven research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating and five have issued a hold rating on the company.

A number of research firms have recently weighed in on SCMWY. BNP Paribas Exane downgraded Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. UBS Group lowered Swisscom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. New Street Research lowered shares of Swisscom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a research note on Thursday, April 23rd.

Swisscom Price Performance

Shares of SCMWY stock opened at $86.71 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $449.17 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 2.05 and a beta of 0.26. The firm’s 50 day moving average is $86.61 and its 200-day moving average is $80.65. Swisscom has a 1 year low of $66.67 and a 1 year high of $94.63.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). Swisscom had a return on equity of 10.56% and a net margin of 8.30%.The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.67 billion. Sell-side analysts forecast that Swisscom will post 3.25 EPS for the current fiscal year.

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.