Swisscom (OTCMKTS:SCMWY) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Swisscom AG (OTCMKTS:SCMWY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $68.05 and traded as high as $72.69. Swisscom shares last traded at $71.69, with a volume of 9,233 shares trading hands.

Analyst Ratings Changes

SCMWY has been the subject of several research reports. Berenberg Bank raised Swisscom to a “hold” rating in a report on Thursday, June 26th. Zacks Research upgraded Swisscom to a “hold” rating in a research note on Tuesday, August 12th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Swisscom Stock Down 0.4%

The business’s fifty day moving average price is $72.33 and its 200 day moving average price is $68.05. The company has a quick ratio of 0.85, a current ratio of 0.74 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $371.36 billion, a PE ratio of 24.14 and a beta of 0.29.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.27). The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Swisscom had a net margin of 9.29% and a return on equity of 10.05%. On average, equities research analysts forecast that Swisscom AG will post 3.47 earnings per share for the current fiscal 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.