Shares of Swisscom AG (OTCMKTS:SCMWY – Get Free Report) have been given an average rating of “Reduce” by the eight brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company.
Several research firms have recently weighed in on SCMWY. Morgan Stanley cut Swisscom to an “underweight” rating in a report on Thursday, June 11th. Citigroup reiterated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Finally, Barclays reissued an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th.
Check Out Our Latest Analysis on SCMWY
Swisscom Stock Down 0.8%
Swisscom (OTCMKTS:SCMWY – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Swisscom had a return on equity of 11.31% and a net margin of 8.86%.The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. As a group, sell-side analysts anticipate that Swisscom will post 3.18 earnings per share for the current fiscal year.
About Swisscom
Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, digital television, and related connectivity services to consumers and businesses. The company also offers information technology, cloud, cybersecurity, networking, and unified communications solutions for corporate and public-sector customers.
Swisscom serves customers primarily in Switzerland, where it operates one of the country’s largest communications networks.
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