UBS Group Lowers Swisscom (SCMWY) to Neutral

UBS Group downgraded shares of Swisscom (OTCMKTS:SCMWY) from a buy rating to a neutral rating in a research note released on Wednesday, Automated Import reports.

SCMWY has been the topic of a number of other reports. Zacks Investment Research cut shares of Swisscom from a hold rating to a sell rating in a research report on Wednesday, March 27th. BNP Paribas began coverage on shares of Swisscom in a research report on Friday, January 11th. They issued an underperform rating for the company. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has an average rating of Hold and an average price target of $53.00.

Shares of OTCMKTS:SCMWY opened at $46.01 on Wednesday. Swisscom has a fifty-two week low of $43.02 and a fifty-two week high of $49.51. The company has a market capitalization of $24.08 billion, a P/E ratio of 15.29 and a beta of 0.34.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings data on Thursday, February 7th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). Swisscom had a net margin of 13.03% and a return on equity of 18.74%. The firm had revenue of $3.04 billion for the quarter. Research analysts predict that Swisscom will post 2.88 earnings per share for the current fiscal year.

The firm also recently declared an annual dividend, which will be paid on Thursday, May 16th. Shareholders of record on Friday, April 5th will be issued a $1.828 dividend. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 3.76%. Swisscom’s dividend payout ratio (DPR) is currently 60.80%.

Swisscom Company Profile

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. The company operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. It offers broadband, TV, fixed-network, and mobile phone subscription services, as well as national and international telephone, and data traffic services for residential customers, and small and medium-sized enterprises.

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