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

Shares of Swisscom AG (OTCMKTS:SCMWY) have been assigned a consensus recommendation of “Reduce” from the nine analysts that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company.

A number of analysts have recently weighed in on the stock. Citigroup restated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Morgan Stanley lowered shares of Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Finally, Barclays reissued an “underweight” rating on shares of Swisscom in a research report on Tuesday.

Swisscom Stock Performance

Shares of OTCMKTS:SCMWY opened at $78.83 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $408.35 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 2.20 and a beta of 0.28. The firm has a 50 day moving average of $77.75 and a 200 day moving average of $83.69. Swisscom has a 52 week low of $68.01 and a 52 week high of $94.63.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Swisscom had a return on equity of 11.30% and a net margin of 8.86%.The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.44 billion. On average, sell-side analysts predict that Swisscom will post 3.18 earnings per share for the current fiscal year.

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.