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

Swisscom AG (OTCMKTS:SCMWY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $80.97 and traded as high as $86.90. Swisscom shares last traded at $86.90, with a volume of 5,869 shares.

Analyst Upgrades and Downgrades

SCMWY has been the subject of several recent analyst reports. UBS Group cut Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. BNP Paribas Exane downgraded shares of Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Finally, New Street Research lowered shares of Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Swisscom has a consensus rating of “Reduce”.

Swisscom Trading Up 0.7%

The company has a market capitalization of $450.16 billion, a PE ratio of 29.06, a P/E/G ratio of 2.08 and a beta of 0.26. 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 business has a fifty day moving average price of $86.12 and a 200 day moving average price of $80.97.

Swisscom (OTCMKTS:SCMWY) last issued its earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Swisscom had a return on equity of 10.56% and a net margin of 8.30%.The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Analysts expect that Swisscom AG will post 3.25 EPS for the current fiscal year.

Swisscom Company Profile

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.