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

Shares of Swisscom AG (OTCMKTS:SCMWY) have been assigned a consensus rating of “Reduce” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company.

A number of research firms have recently commented on SCMWY. New Street Research lowered shares of Swisscom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. UBS Group downgraded Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th.

Swisscom Trading Down 0.6%

OTCMKTS SCMWY opened at $88.48 on Wednesday. The company has a market cap of $458.34 billion, a price-to-earnings ratio of 29.89 and a beta of 0.26. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.96. The business’s fifty day moving average is $86.70 and its 200 day moving average is $77.65. Swisscom has a twelve month low of $57.55 and a twelve month high of $94.63.

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.