New Street Research Downgrades Swisscom (OTCMKTS:SCMWY) to Strong Sell

Swisscom (OTCMKTS:SCMWY) was downgraded by analysts at New Street Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Zacks Research raised Swisscom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Swisscom Trading Down 1.8%

Shares of SCMWY opened at $91.20 on Wednesday. The stock has a market cap of $472.43 billion, a P/E ratio of 30.81 and a beta of 0.27. Swisscom has a 1 year low of $56.54 and a 1 year high of $93.07. The stock’s 50-day moving average price is $80.06 and its two-hundred day moving average price is $75.27.

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.