Swisscom (SCMWY) Downgraded to Sell at Zacks Investment Research
Swisscom (OTCMKTS:SCMWY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
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. “
Other analysts have also recently issued reports about the company. ValuEngine upgraded Swisscom from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Jefferies Financial Group cut Swisscom from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd.
Swisscom AG provides telecommunication services primarily in Switzerland and Italy. 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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