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

Shares of Swisscom AG (OTCMKTS:SCMWY) crossed 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.

Analysts Set New Price Targets

Separately, BNP Paribas downgraded Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday.

Swisscom Price Performance

The company has a market cap of $331.01 billion, a price-to-earnings ratio of 18.91 and a beta of 0.28. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average price of $58.59 and a two-hundred day moving average price of $59.05.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Thursday, February 13th. The utilities provider reported $0.57 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.23 billion. As a group, equities research analysts anticipate that Swisscom AG will post 3.47 EPS 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.