Zacks Investment Research Lowers Swisscom (SCMWY) to Hold

Zacks Investment Research downgraded shares of Swisscom (OTCMKTS:SCMWY) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

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. “

A number of other research firms also recently weighed in on SCMWY. ValuEngine raised shares of Swisscom from a sell rating to a hold rating in a research note on Monday, September 17th. Jefferies Financial Group downgraded shares of Swisscom from a buy rating to a hold rating in a research note on Wednesday, October 3rd.

Shares of OTCMKTS:SCMWY opened at $45.54 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 0.87. Swisscom has a 12-month low of $43.02 and a 12-month high of $55.62. The firm has a market cap of $23.70 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 11.65 and a beta of 0.54.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings results on Thursday, August 16th. The utilities provider reported $0.80 earnings per share for the quarter. Swisscom had a net margin of 12.92% and a return on equity of 20.63%. The business had revenue of $2.97 billion for the quarter. On average, sell-side analysts forecast that Swisscom will post 2.91 earnings per share for the current fiscal year.

Swisscom Company Profile

Swisscom AG provides telecommunication services primarily in Switzerland and Italy. The company operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. It offers broadband, TV, fixed-network, and mobile phone subscription services, as well as national and international telephone, and data traffic services for residential customers, and small and medium-sized enterprises.

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