Swisscom (OTCMKTS:SCMWY) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Swisscom AG (OTCMKTS:SCMWY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $71.16 and traded as high as $74.67. Swisscom shares last traded at $74.52, with a volume of 3,561 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SCMWY. Kepler Capital Markets raised shares of Swisscom to a “strong sell” rating in a research note on Tuesday, September 23rd. Zacks Research downgraded Swisscom from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, BNP Paribas raised Swisscom from a “hold” rating to an “outperform” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Swisscom Price Performance

The firm has a market capitalization of $386.02 billion, a P/E ratio of 25.09 and a beta of 0.26. The business’s fifty day moving average is $73.59 and its 200 day moving average is $71.16. The company has a current ratio of 0.74, a quick ratio of 0.85 and a debt-to-equity ratio of 1.08.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.62 billion. Swisscom had a net margin of 9.29% and a return on equity of 10.05%. As a group, analysts forecast that Swisscom AG will post 3.47 EPS for the current year.

Swisscom Company Profile

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.