Swisscom (OTCMKTS:SCMWY) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• Swisscom AG's stock price exceeded its 200-day moving average, reaching $72.12 during trading before closing at $71.88.
• Multiple analysts have provided mixed ratings, with one buy, two hold, and one sell, leading to a consensus rating of "Hold".
• The company recently reported earnings, missing estimates with $0.61 EPS against a consensus of $0.88, and generated revenue of $4.57 billion.

Swisscom AG (OTCMKTS:SCMWY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $69.36 and traded as high as $72.12. Swisscom shares last traded at $71.88, with a volume of 16,558 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SCMWY shares. Kepler Capital Markets upgraded Swisscom to a "strong sell" rating in a research report on Tuesday, September 23rd. Zacks Research upgraded Swisscom to a "hold" rating in a research note on Tuesday, August 12th. BNP Paribas upgraded Swisscom from a "hold" rating to an "outperform" rating in a research note on Thursday, October 2nd. Finally, Berenberg Bank upgraded Swisscom to a "hold" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".

Swisscom Price Performance

The stock has a market cap of $372.35 billion, a PE ratio of 24.20 and a beta of 0.28. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.74 and a quick ratio of 0.85. The business has a fifty day moving average of $73.02 and a 200 day moving average of $69.36.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.61 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.27). The business had revenue of $4.57 billion during the quarter, compared to analysts' expectations of $4.61 billion. Swisscom had a net margin of 9.29% and a return on equity of 10.05%. Sell-side analysts anticipate that Swisscom AG will post 3.47 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.

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