Swisscom (OTCMKTS:SCMWY) Raised to "Hold" 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 raised Swisscom to a "hold" rating in a research note on Thursday, June 26th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Swisscom Trading Up 0.7%

OTCMKTS:SCMWY traded up $0.53 during trading hours on Tuesday, hitting $72.74. 6,707 shares of the stock were exchanged, compared to its average volume of 14,458. The company's 50 day moving average is $70.59 and its two-hundred day moving average is $65.11. Swisscom has a twelve month low of $54.66 and a twelve month high of $73.21. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $376.80 billion, a P/E ratio of 24.49 and a beta of 0.30.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last released its earnings results on Thursday, August 7th. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate 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%. On average, sell-side analysts anticipate that Swisscom will post 3.47 earnings per share for the current fiscal year.

Swisscom Company Profile

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.