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

Swisscom AG (OTCMKTS:SCMWY)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $71.16 and traded as high as $74.67. Swisscom shares last traded at $74.52, with a volume of 3,561 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SCMWY. BNP Paribas upgraded shares of Swisscom from a “hold” rating to an “outperform” rating in a research note on Thursday, October 2nd. Zacks Research lowered Swisscom from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Finally, Kepler Capital Markets raised Swisscom to a “strong sell” rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Swisscom Stock Down 0.4%

The firm’s 50 day simple moving average is $73.59 and its 200 day simple moving average is $71.16. The company has a market cap of $386.02 billion, a price-to-earnings ratio of 25.09 and a beta of 0.26. The company has a quick ratio of 0.85, a current ratio of 0.74 and a debt-to-equity ratio of 1.08.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. Swisscom had a return on equity of 10.05% and a net margin of 9.29%.The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.62 billion. Sell-side analysts anticipate that Swisscom AG will post 3.47 EPS for the current fiscal year.

About Swisscom

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.