Swisscom (SCMWY) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Swisscom (OTCMKTS:SCMWY) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. They currently have $60.00 target price on the utilities provider’s stock.

According to Zacks, “Swisscom is Switzerland’s leading telecommunications company. The innovative, customer-focused and strongly-competitive group offers a full range of voice and data communication services on fixed-line and mobile networks. Swisscom offers the complete spectrum of state-of-the-art data services, from leased lines to integrated solutions for corporate customers. “

Several other equities research analysts have also commented on SCMWY. ValuEngine lowered shares of Swisscom from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Citigroup lowered shares of Swisscom from a buy rating to a neutral rating in a research note on Monday, December 11th. Finally, Berenberg Bank lowered shares of Swisscom from a hold rating to a sell rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Swisscom presently has a consensus rating of Hold and an average price target of $60.00.

Shares of Swisscom (SCMWY) opened at $53.68 on Wednesday. The firm has a market cap of $27,720.00, a PE ratio of 16.22 and a beta of 0.53. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.72 and a current ratio of 0.72. Swisscom has a 52 week low of $43.21 and a 52 week high of $54.09.

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Swisscom Company Profile

Swisscom AG is a holding company. The Company, through its subsidiaries, provides telecommunication services in Switzerland and Italy. The Company’s segments include Swisscom Switzerland, Fastweb, Other Operating Segments and Group Headquarters. Swisscom Switzerland comprises the customer segments, Residential Customers, Enterprise Customers and Wholesale, as well as the information technology (IT), Network and Infrastructure division.

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