Swisscom (OTCMKTS:SCMWY) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Swisscom AG (OTCMKTS:SCMWY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $60.64 and traded as high as $69.25. Swisscom shares last traded at $68.27, with a volume of 7,309 shares trading hands.

Analysts Set New Price Targets

Separately, BNP Paribas downgraded shares of Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 10th.

Swisscom Stock Down 0.8%

The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.85. The firm has a market cap of $353.65 billion, a P/E ratio of 20.20 and a beta of 0.30. The company has a fifty day simple moving average of $66.62 and a 200-day simple moving average of $60.64.

Swisscom (OTCMKTS:SCMWY) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.13). The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Swisscom had a return on equity of 12.00% and a net margin of 14.19%. On average, equities analysts anticipate that Swisscom AG will post 3.47 earnings per share 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.