Swisscom (OTCMKTS:SCMWY) Cut to "Strong Sell" at Zacks Research

Key Points

• Swisscom has been downgraded from a "hold" to a "strong sell" rating by Zacks Research, reflecting a significant concern about the company's performance.
• Despite the downgrade, other analysts have recently given mixed ratings: BNP Paribas upgraded Swisscom to "outperform", while Kepler Capital Markets also issued a "strong sell" rating.
• Swisscom reported a disappointing earnings result, with earnings per share of $0.61 falling short of the expected $0.88 and revenue of $4.57 billion below analyst estimates.

Swisscom (OTCMKTS:SCMWY - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on SCMWY. BNP Paribas upgraded shares of Swisscom from a "hold" rating to an "outperform" rating in a research report on Thursday, October 2nd. Kepler Capital Markets raised shares of Swisscom to a "strong sell" rating in a research note on Tuesday, September 23rd. Finally, Berenberg Bank raised Swisscom to a "hold" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Swisscom presently has an average rating of "Reduce".

Swisscom Trading Up 0.5%

Shares of OTCMKTS SCMWY opened at $73.83 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.74 and a debt-to-equity ratio of 1.08. Swisscom has a 12 month low of $54.66 and a 12 month high of $74.99. The company has a market cap of $382.43 billion, a price-to-earnings ratio of 24.86 and a beta of 0.28. The business has a fifty day simple moving average of $73.09 and a 200-day simple moving average of $69.42.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.27). Swisscom had a return on equity of 10.05% and a net margin of 9.29%.The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.61 billion. Sell-side analysts predict that Swisscom will post 3.47 EPS for the current year.

About Swisscom

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, TV, broadband, 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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