Swisscom (OTCMKTS:SCMWY) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Swisscom's stock price has risen above its 200-day moving average of $67.52, reaching a high of $74.46 during trading.
• Analysts generally rate Swisscom's stock as a "Hold", with recent upgrades from Zacks Research and Berenberg Bank.
• In its latest earnings report, Swisscom missed EPS estimates, reporting $0.61, below the expected $0.88.

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 $67.52 and traded as high as $74.46. Swisscom shares last traded at $74.36, with a volume of 23,887 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SCMWY. Berenberg Bank raised Swisscom to a "hold" rating in a research note on Thursday, June 26th. Zacks Research upgraded Swisscom to a "hold" rating in a research report on Tuesday, August 12th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Swisscom currently has a consensus rating of "Hold".

Swisscom Trading Up 0.3%

The company has a current ratio of 0.74, a quick ratio of 0.85 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average of $72.24 and a 200-day moving average of $67.91. The stock has a market cap of $377.70 billion, a PE ratio of 24.55 and a beta of 0.29.

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