Zacks Investment Research downgraded shares of Swisscom (OTCMKTS:SCMWY) from a hold rating to a sell rating in a research report report published on Wednesday morning.
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 subject of a number of other reports. ValuEngine cut Swisscom from a buy rating to a hold rating in a research report on Wednesday, January 3rd. Citigroup cut Swisscom from a buy rating to a neutral rating in a research report on Monday, December 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $60.00.
Swisscom (OTCMKTS:SCMWY) last announced its earnings results on Wednesday, February 7th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.05). Swisscom had a net margin of 13.47% and a return on equity of 22.88%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.07 billion. research analysts anticipate that Swisscom will post 2.94 earnings per share for the current year.
WARNING: This article was originally reported by Week Herald and is owned by of Week Herald. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://weekherald.com/2018/02/15/swisscom-scmwy-lowered-to-sell-at-zacks-investment-research.html.
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.
Receive News & Ratings for Swisscom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swisscom and related companies with MarketBeat.com's FREE daily email newsletter.