Swisscom AG (SCMWY) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Swisscom AG (OTCMKTS:SCMWY) from a hold rating to a buy rating in a research report report published on Saturday. Zacks Investment Research currently has $56.00 price target 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. “
A number of other equities research analysts have also recently commented on SCMWY. Berenberg Bank raised shares of Swisscom AG from a sell rating to a hold rating in a report on Tuesday, June 20th. Jefferies Group LLC raised shares of Swisscom AG from a hold rating to a buy rating in a report on Friday, June 16th.
Shares of Swisscom AG (OTCMKTS SCMWY) traded up 0.58% during trading on Friday, reaching $50.41. The company had a trading volume of 7,745 shares. The firm has a market capitalization of $26.11 billion, a PE ratio of 15.18 and a beta of 0.43. The firm has a 50-day moving average of $49.62 and a 200 day moving average of $47.02. Swisscom AG has a 1-year low of $42.14 and a 1-year high of $50.44.
Swisscom AG (OTCMKTS:SCMWY) last announced its earnings results on Thursday, August 17th. The utilities provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. Swisscom AG had a net margin of 14.32% and a return on equity of 28.80%. The business had revenue of $2.90 billion during the quarter. Analysts expect that Swisscom AG will post $2.72 earnings per share for the current year.
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Swisscom AG 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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