Swisscom AG (OTCMKTS:SCMWY) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Swisscom AG (OTCMKTS:SCMWY) have earned an average recommendation of “Reduce” from the six analysts that are covering the stock, MarketBeat.com reports. Two equities research 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.

A number of analysts recently weighed in on the company. New Street Research downgraded Swisscom from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Zacks Research raised Swisscom from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, UBS Group downgraded Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday.

Swisscom Trading Up 2.7%

SCMWY opened at $93.68 on Friday. The company has a 50 day moving average of $80.51 and a 200 day moving average of $75.43. Swisscom has a 12 month low of $56.75 and a 12 month high of $94.63. The company has a market cap of $485.28 billion, a PE ratio of 31.65 and a beta of 0.27.

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.