Swisscom (OTCMKTS:SCMWY) Upgraded at Zacks Research

Key Points

• Swisscom has received a "hold" rating upgrade from Zacks Research, adding to a similar upgrade from Berenberg Bank, indicating a cautious outlook from analysts.
• As of the latest report, Swisscom's stock is down 0.4% with a 52-week range between $54.66 and $73.21.
• The company reported earnings of $0.61 per share in its last quarterly results, which was below the consensus estimate of $0.88, further highlighting the challenges it faces.

Zacks Research upgraded shares of Swisscom (OTCMKTS:SCMWY - Free Report) to a hold rating in a research note issued to investors on Tuesday, August 12th,Zacks.com reports.

Separately, Berenberg Bank upgraded Swisscom to a "hold" rating in a research report on Thursday, June 26th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".

Swisscom Stock Performance

Shares of OTCMKTS SCMWY traded up $1.1537 during trading hours on Tuesday, reaching $73.8937. The stock had a trading volume of 1,420 shares, compared to its average volume of 14,376. The business's fifty day moving average is $70.67 and its two-hundred day moving average is $65.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $382.78 billion, a price-to-earnings ratio of 24.88 and a beta of 0.30. Swisscom has a twelve month low of $54.66 and a twelve month high of $73.8937.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.61 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.27). The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.61 billion. Swisscom had a net margin of 9.29% and a return on equity of 10.09%. As a group, research analysts expect 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.