Swisscom AG (SCMWY) Downgraded by Zacks Investment Research

Swisscom AG (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, May 24th.

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. “

Swisscom AG (OTCMKTS SCMWY) traded up 2.22% during trading on Wednesday, reaching $47.99. 7,293 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $46.63 and its 200-day moving average price is $44.96. Swisscom AG has a 52 week low of $42.14 and a 52 week high of $50.24. The stock has a market capitalization of $24.86 billion, a price-to-earnings ratio of 15.10 and a beta of 0.48.

Swisscom AG (OTCMKTS:SCMWY) last announced its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. Swisscom AG had a net margin of 13.94% and a return on equity of 31.00%. The firm had revenue of $2.82 billion for the quarter. On average, equities analysts expect that Swisscom AG will post $2.72 EPS for the current year.

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About Swisscom AG

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.

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