Swisscom (OTCMKTS:SCMWY) Cut to Hold at UBS Group

UBS Group lowered shares of Swisscom (OTCMKTS:SCMWY) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

SCMWY has been the subject of a number of other research reports. New Street Research cut Swisscom from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Zacks Research upgraded shares of Swisscom from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Swisscom presently has a consensus rating of “Reduce”.

Swisscom Price Performance

Swisscom stock opened at $93.68 on Thursday. Swisscom has a fifty-two week low of $56.75 and a fifty-two week high of $94.63. The firm’s 50 day simple moving average is $80.51 and its 200-day simple moving average is $75.45. The company has a market cap of $485.28 billion, a P/E ratio of 31.65 and a beta of 0.27.

Swisscom Company Profile

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.