Swisscom (OTCMKTS:SCMWY) Raised to “Hold” at Berenberg Bank

Swisscom (OTCMKTS:SCMWY) was upgraded by Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, BNP Paribas cut shares of Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 10th.

Swisscom Stock Performance

OTCMKTS:SCMWY opened at $70.83 on Thursday. The stock’s fifty day moving average is $67.71 and its 200 day moving average is $61.33. Swisscom has a fifty-two week low of $54.66 and a fifty-two week high of $71.21. The firm has a market capitalization of $366.91 billion, a PE ratio of 22.34 and a beta of 0.30. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.85 and a current ratio of 0.85.

Swisscom (OTCMKTS:SCMWY) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.13). The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Swisscom had a net margin of 11.06% and a return on equity of 11.08%. On average, sell-side analysts anticipate that Swisscom will post 3.47 earnings per share for the current year.

About Swisscom

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.