Swisscom (OTCMKTS:SCMWY) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Swisscom AG (OTCMKTS:SCMWY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $76.31 and traded as high as $93.77. Swisscom shares last traded at $93.77, with a volume of 5,562 shares.

Analyst Upgrades and Downgrades

SCMWY has been the subject of a number of research analyst reports. UBS Group lowered shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Zacks Research raised shares of Swisscom from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, New Street Research cut shares of Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Swisscom currently has an average rating of “Reduce”.

Swisscom Stock Performance

The firm has a 50 day moving average price of $82.96 and a 200-day moving average price of $76.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $485.74 billion, a P/E ratio of 31.68 and a beta of 0.25.

About Swisscom

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.