Shares of Swisscom AG (OTCMKTS:SCMWY – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating on the company.
SCMWY has been the subject of several recent research reports. Barclays reiterated an “underweight” rating on shares of Swisscom in a research report on Tuesday, August 18th. Citigroup restated a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Finally, Morgan Stanley cut Swisscom to an “underweight” rating in a research note on Thursday, June 11th.
Check Out Our Latest Stock Analysis on Swisscom
Swisscom Stock Performance
Swisscom (OTCMKTS:SCMWY – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. Swisscom had a net margin of 8.86% and a return on equity of 11.31%. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. Equities analysts anticipate that Swisscom will post 3.18 earnings per share for the current year.
About Swisscom
Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, digital television, and related connectivity services to consumers and businesses. The company also offers information technology, cloud, cybersecurity, networking, and unified communications solutions for corporate and public-sector customers.
Swisscom serves customers primarily in Switzerland, where it operates one of the country’s largest communications networks.
Recommended Stories
- Five stocks we like better than Swisscom
- Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
- 3 Healthcare Stocks for 3 Stages of Life
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
Receive News & Ratings for Swisscom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swisscom and related companies with MarketBeat.com's FREE daily email newsletter.
