Swisscom (OTCMKTS:SCMWY) Downgraded by BNP Paribas to “Hold”

Swisscom (OTCMKTS:SCMWY) was downgraded by BNP Paribas from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Swisscom Stock Performance

OTCMKTS SCMWY opened at $63.90 on Thursday. Swisscom has a 12-month low of $53.01 and a 12-month high of $66.00. The firm has a 50-day moving average price of $58.59 and a two-hundred day moving average price of $59.05. The company has a market capitalization of $331.01 billion, a P/E ratio of 18.91 and a beta of 0.28. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.85.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.34). Swisscom had a net margin of 14.19% and a return on equity of 12.00%. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. Analysts anticipate that Swisscom will post 3.47 earnings per share 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.