Swisscom (OTCMKTS:SCMWY) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Price action: Swisscom shares recently crossed above their 200-day moving average of $79.58, trading as high as $85.48 and last at $82.98 on volume of 11,072, though the 50-day MA remains higher at $88.28, signalling near-term resistance.
• Analyst sentiment: Several downgrades (BNP Paribas Exane, UBS, New Street) have left the stock with five Hold and two Sell ratings, giving an average MarketBeat rating of "Reduce".
• Key fundamentals: market capitalization reported at $429.85 billion, P/E 28.03, PEG 2.04, beta 0.29, with liquidity ratios (quick/current) of 0.76 and a debt-to-equity of 0.96.

Swisscom AG (OTCMKTS:SCMWY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $79.58 and traded as high as $85.4796. Swisscom shares last traded at $82.98, with a volume of 11,072 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on SCMWY shares. BNP Paribas Exane lowered shares of Swisscom from an "outperform" rating to a "hold" rating in a research report on Tuesday, April 14th. UBS Group lowered shares of Swisscom from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. New Street Research lowered shares of Swisscom from a "hold" rating to a "strong sell" rating in a research report on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Swisscom in a research report on Thursday. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Swisscom has an average rating of "Reduce".

Swisscom Price Performance

The stock's 50-day moving average price is $88.28 and its 200-day moving average price is $79.58. The company has a market capitalization of $429.85 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 2.04 and a beta of 0.29. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.96.

About Swisscom

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.