Swisscom (OTCMKTS:SCMWY) Receives a Downgrade
It appears that trading for shares of Swisscom (OTCMKTS:SCMWY) will be interesting to watch today. Goldman cut the stock from their past “Neutral” rating to a more current “Sell”.
From a total of 1 analysts covering Swisscom (OTCMKTS:SCMWY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 0% of the ratings are positive. Swisscom was the topic of 2 analyst reports since September 2, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley downgraded shares on September 17 to “Underweight” rating.
Approximately 504 shares of stock traded hands. Swisscom AG (ADR) (OTCMKTS:SCMWY) has declined 17.25% since May 7, 2015 and is downtrending. It has underperformed by 15.32% the S&P500.
Swisscom AG is a Switzerland-based holding firm which offers telecommunication services primarily in Switzerland and Italy. The company has a market cap of $25.23 billion. The Company’s main divisions are Residential Customers, Small and Medium-Sized Enterprises, Corporate Business, Wholesale, and the Network & IT. It has 17.6 P/E ratio. The Residential Customers division provides broadband Internet access, serves Swisscom television subscribers and also combines telephone, data traffic, handset sales and directories.
According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on Swisscom AG (ADR) (SCMWY).