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

Shares of Swisscom AG (OTCMKTS:SCMWY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $65.16 and traded as high as $72.74. Swisscom shares last traded at $72.74, with a volume of 6,707 shares trading hands.

Analyst Ratings Changes

A number of research firms recently commented on SCMWY. Berenberg Bank raised Swisscom to a “hold” rating in a research note on Thursday, June 26th. Zacks Research raised Swisscom to a “hold” rating in a report on Tuesday, August 12th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Swisscom currently has an average rating of “Hold”.

Swisscom Stock Performance

The stock’s 50-day moving average is $70.67 and its 200-day moving average is $65.16. The firm has a market capitalization of $376.80 billion, a price-to-earnings ratio of 24.49 and a beta of 0.30. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.99.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.27). Swisscom had a net margin of 9.29% and a return on equity of 10.09%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.61 billion. On average, analysts predict that Swisscom AG will post 3.47 EPS for the current fiscal year.

About Swisscom

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.