Swisscom released its Q3 yesterday morning. The release and the new outlook for 2021 were disappointing and the stock dropped by 7.4%.
The stock, which had recovered to its pre-COVID-19 prices (CHF550) is just over CHF500 this morning. Two days ago, we were at Reduce at CHF550, while the group offered a best in class dividend yield of 4%. Now the stock is back to the CHF500 level we pass by again with an Add with a target price at… CHF549.
29 Oct 2021
Lags in fibre deployment and in...the dividend increase
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Lags in fibre deployment and in...the dividend increase
Swisscom released its Q3 yesterday morning. The release and the new outlook for 2021 were disappointing and the stock dropped by 7.4%.
The stock, which had recovered to its pre-COVID-19 prices (CHF550) is just over CHF500 this morning. Two days ago, we were at Reduce at CHF550, while the group offered a best in class dividend yield of 4%. Now the stock is back to the CHF500 level we pass by again with an Add with a target price at… CHF549.