Swisscom (SCMWY) Rating Lowered to Hold at Zacks Investment Research

Swisscom (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Swisscom is Switzerland’s leading telecommunications company. The innovative, customer-focused and strongly-competitive group offers a full range of voice and data communication services on fixed-line and mobile networks. Swisscom offers the complete spectrum of state-of-the-art data services, from leased lines to integrated solutions for corporate customers. “

SCMWY has been the topic of a number of other research reports. ValuEngine downgraded Swisscom from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Berenberg Bank downgraded Swisscom from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, Citigroup downgraded Swisscom from a “buy” rating to a “neutral” rating in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Swisscom has an average rating of “Hold” and a consensus price target of $60.00.

Swisscom (OTCMKTS SCMWY) traded up $0.21 during trading on Tuesday, reaching $53.41. The company’s stock had a trading volume of 604 shares, compared to its average volume of 8,053. Swisscom has a twelve month low of $43.21 and a twelve month high of $54.09. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.90. The stock has a market cap of $27,550.00, a P/E ratio of 16.14 and a beta of 0.53.

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Swisscom Company Profile

Swisscom AG is a holding company. The Company, through its subsidiaries, provides telecommunication services in Switzerland and Italy. The Company’s segments include Swisscom Switzerland, Fastweb, Other Operating Segments and Group Headquarters. Swisscom Switzerland comprises the customer segments, Residential Customers, Enterprise Customers and Wholesale, as well as the information technology (IT), Network and Infrastructure division.

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