Swisscom AG (OTCMKTS:SCMWY) Given Average Rating of “Reduce” by Analysts

Swisscom AG (OTCMKTS:SCMWY) has received a consensus recommendation of “Reduce” from the six analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company.

Several equities research analysts have commented on SCMWY shares. UBS Group lowered shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. New Street Research downgraded Swisscom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th.

Swisscom Stock Performance

Shares of SCMWY opened at $83.55 on Wednesday. The firm has a fifty day moving average of $87.92 and a 200-day moving average of $78.09. The company has a market cap of $432.80 billion, a price-to-earnings ratio of 28.23 and a beta of 0.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 0.76. Swisscom has a 1 year low of $57.55 and a 1 year high of $94.63.

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.