Swisscom (OTCMKTS:SCMWY) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Swisscom (OTCMKTS:SCMWY) from a hold rating to a strong sell rating in a research note released on Tuesday morning,Zacks.com reports.

Several other research firms also recently weighed in on SCMWY. BNP Paribas raised shares of Swisscom from a “hold” rating to an “outperform” rating in a report on Thursday, October 2nd. Berenberg Bank raised shares of Swisscom to a “hold” rating in a report on Thursday, June 26th. Finally, Kepler Capital Markets raised shares of Swisscom to a “strong sell” rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Swisscom presently has an average rating of “Reduce”.

Swisscom Stock Performance

Shares of SCMWY opened at $74.33 on Tuesday. Swisscom has a 1 year low of $54.66 and a 1 year high of $74.99. The company has a market cap of $385.04 billion, a price-to-earnings ratio of 25.03 and a beta of 0.28. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.85 and a current ratio of 0.74. The firm has a fifty day moving average of $73.14 and a 200-day moving average of $69.54.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.27). Swisscom had a net margin of 9.29% and a return on equity of 10.05%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.61 billion. As a group, equities 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.