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Swisscom (OTCMKTS:SCMWY) Shares Pass Above 200 Day Moving Average - Here's What Happened

Swisscom logo with Utilities background

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $59.54 and traded as high as $69.00. Swisscom shares last traded at $68.79, with a volume of 5,250 shares traded.

Wall Street Analyst Weigh In

Separately, BNP Paribas cut shares of Swisscom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 10th.

Read Our Latest Research Report on SCMWY

Swisscom Stock Performance

The business has a 50 day moving average of $64.51 and a 200-day moving average of $59.76. The company has a market capitalization of $356.89 billion, a P/E ratio of 20.38 and a beta of 0.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.11 and a current ratio of 2.11.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last announced its quarterly 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 net margin of 14.19% and a return on equity of 12.00%. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.19 billion. On average, sell-side analysts predict that Swisscom AG will post 3.47 EPS for the current fiscal year.

Swisscom Company Profile

(Get Free Report)

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.

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