Swisscom (OTCMKTS:SCMWY) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Swisscom AG (OTCMKTS:SCMWY)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $59.06 and traded as high as $62.15. Swisscom shares last traded at $61.73, with a volume of 19,672 shares trading hands.

Swisscom Stock Performance

The company has a debt-to-equity ratio of 0.85, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market cap of $319.78 billion, a price-to-earnings ratio of 18.26 and a beta of 0.28. The firm has a fifty day simple moving average of $58.43 and a two-hundred day simple moving average of $59.06.

Swisscom (OTCMKTS:SCMWY) last released its earnings results on Thursday, February 13th. The utilities provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.34). Swisscom had a return on equity of 12.00% and a net margin of 14.19%. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.23 billion. On average, analysts expect 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.