UBS Group Downgrades Swisscom (OTCMKTS:SCMWY) to Sell

Swisscom (OTCMKTS:SCMWY – Get Rating) was downgraded by research analysts at UBS Group from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Friday, The Fly reports.

A number of other research analysts have also recently weighed in on the stock. Barclays cut their price objective on shares of Swisscom from CHF 470 to CHF 455 in a research report on Friday, April 1st. Zacks Investment Research lowered shares of Swisscom from a “buy” rating to a “hold” rating in a research note on Saturday, April 16th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $342.33.

Shares of SCMWY stock opened at $56.43 on Friday. The company has a 50 day moving average price of $59.01 and a 200-day moving average price of $58.14. Swisscom has a 52 week low of $54.30 and a 52 week high of $61.42. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.52.

Swisscom (OTCMKTS:SCMWY – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The utilities provider reported $0.93 earnings per share for the quarter. Swisscom had a net margin of 14.71% and a return on equity of 15.38%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. As a group, sell-side analysts anticipate that Swisscom will post 3.12 EPS for the current year.

About Swisscom (Get Rating)

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, broadband, TV, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.

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