Swisscom (OTCMKTS:SCMWY) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Swisscom AG (OTCMKTS:SCMWY) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $59.28 and traded as high as $65.01. Swisscom shares last traded at $65.01, with a volume of 12,087 shares changing hands.

Analyst Ratings Changes

SCMWY has been the subject of several research reports. New Street Research upgraded Swisscom to a “hold” rating in a research note on Monday, September 9th. Barclays raised Swisscom to a “strong sell” rating in a research note on Thursday, August 15th.

Swisscom Stock Performance

The stock has a market cap of $336.76 billion, a price-to-earnings ratio of 17.34 and a beta of 0.28. The company’s fifty day simple moving average is $63.71 and its two-hundred day simple moving average is $59.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.94.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.81 earnings per share for the quarter. Swisscom had a net margin of 15.03% and a return on equity of 14.17%. The company had revenue of $3.04 billion for the quarter. On average, analysts forecast that Swisscom AG will post 3.59 earnings per share for the current 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.