Swisscom (OTCMKTS:SCMWY) Shares Pass Above Two Hundred Day Moving Average of $52.16

Swisscom AG (OTCMKTS:SCMWY – Get Rating)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $52.16 and traded as high as $58.95. Swisscom shares last traded at $58.19, with a volume of 15,410 shares traded.

Analyst Upgrades and Downgrades

SCMWY has been the topic of a number of recent analyst reports. Barclays lifted their price target on Swisscom from CHF 475 to CHF 500 and gave the stock an “underweight” rating in a report on Thursday, January 5th. JPMorgan Chase & Co. boosted their target price on Swisscom from CHF 674 to CHF 702 and gave the company a “neutral” rating in a research note on Thursday, January 5th. Deutsche Bank Aktiengesellschaft lowered Swisscom from a “hold” rating to a “sell” rating in a research note on Monday, December 5th. Societe Generale upgraded Swisscom from a “hold” rating to a “buy” rating in a research note on Wednesday, January 11th. Finally, UBS Group upgraded Swisscom from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $569.00.

Swisscom Stock Performance

The company has a market capitalization of $301.44 billion, a PE ratio of 18.77, a PEG ratio of 7.71 and a beta of 0.23. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $54.73 and a two-hundred day moving average price of $52.16.

Swisscom (OTCMKTS:SCMWY – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The utilities provider reported $0.86 earnings per share for the quarter. The company had revenue of $2.83 billion during the quarter. Swisscom had a return on equity of 13.24% and a net margin of 12.94%. Analysts predict that Swisscom AG will post 3.05 EPS for the current fiscal year.

About Swisscom

(Get Rating)

Swisscom AG engages in the provision of telecommunication services. It operates through the following segments: Swisscom Switzerland, Fastweb, Other Operating Segments and Group Headquarters. The Swisscom Switzerland segment comprises residential customers, enterprise customers, wholesale and information technology, network and infrastructure.