Swisscom (OTCMKTS:SCMWY) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Swisscom AG's shares have surpassed their 200-day moving average of $65.16, reaching a height of $72.74 during trading.
• Recent analyst ratings show a consensus of "Hold" for the stock, with Berenberg Bank and Zacks Research both raising their ratings.
• Swisscom reported a missed earnings estimate of $0.61 EPS for the last quarter, falling short of the expected $0.88 EPS.

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $65.16 and traded as high as $72.74. Swisscom shares last traded at $72.74, with a volume of 6,707 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SCMWY shares. Berenberg Bank raised Swisscom to a "hold" rating in a research note on Thursday, June 26th. Zacks Research raised Swisscom to a "hold" rating in a research note on Tuesday, August 12th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold".

Swisscom Stock Performance

The stock has a market cap of $381.62 billion, a P/E ratio of 24.80 and a beta of 0.30. The business has a 50 day moving average price of $71.06 and a 200 day moving average price of $65.69. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.99.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $4.61 billion. Swisscom had a net margin of 9.29% and a return on equity of 10.09%. As a group, sell-side analysts expect that Swisscom AG will post 3.47 EPS 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.