Swisscom (OTCMKTS:SCMWY) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Swisscom AG's stock recently surpassed its 200-day moving average, trading at $70.84 compared to the average of $63.63.
• The company reported earnings per share of $0.79 for the last quarter, which was below the consensus estimate of $0.92, yet had revenue exceeding expectations at $4.58 billion.
• Several analysts have changed their ratings on Swisscom, with BNP Paribas downgrading it from "strong-buy" to "hold," while Berenberg Bank upgraded it to "hold" as well.

Shares of Swisscom AG (OTCMKTS:SCMWY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $63.63 and traded as high as $70.84. Swisscom shares last traded at $70.84, with a volume of 18,506 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SCMWY. BNP Paribas downgraded shares of Swisscom from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 10th. Berenberg Bank upgraded Swisscom to a "hold" rating in a report on Thursday, June 26th.

Swisscom Price Performance

The firm has a market capitalization of $361.21 billion, a P/E ratio of 22.00 and a beta of 0.30. The business has a fifty day moving average of $69.91 and a 200-day moving average of $63.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.85 and a current ratio of 0.85.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.13). The firm had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.19 billion. Swisscom had a return on equity of 11.08% and a net margin of 11.06%. On average, sell-side analysts forecast that Swisscom AG will post 3.47 EPS for the current fiscal 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.