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

Swisscom AG (OTCMKTS:SCMWY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $63.63 and traded as high as $70.84. Swisscom shares last traded at $70.84, with a volume of 18,506 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BNP Paribas downgraded shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 10th. Berenberg Bank upgraded shares of Swisscom to a “hold” rating in a research report on Thursday, June 26th.

Swisscom Stock Up 0.7%

The company has a 50-day moving average of $69.89 and a two-hundred day moving average of $63.63. The company has a market capitalization of $366.96 billion, a PE ratio of 22.35 and a beta of 0.30. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.85 and a quick ratio of 0.85.

Swisscom (OTCMKTS:SCMWY) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.13). Swisscom had a return on equity of 11.08% and a net margin of 11.06%. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.19 billion. Sell-side analysts anticipate 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.