Swisscom (OTCMKTS:SCMWY) Stock Price Crosses Above 200-Day Moving Average After Earnings Miss

Key Points

• Technical move: Swisscom traded above its 200-day moving average of $80.05, reaching as high as $85.87 and last trading near $85.53 on the session reported.
• EPS miss: The company reported quarterly EPS of $0.82 versus a consensus $0.90, missing estimates by $0.08, with a reported net margin of 8.41% and ROE of 10.56%.
• Analyst sentiment: Several recent downgrades have left the consensus view weak—five Hold ratings, two Sell ratings, and an average MarketBeat rating of "Reduce."

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) passed above its 200-day moving average during trading on Thursday following a better than expected earnings announcement. The stock has a 200-day moving average of $80.05 and traded as high as $85.87. Swisscom shares last traded at $85.5250, with a volume of 15,521 shares changing hands.

The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). Swisscom had a return on equity of 10.56% and a net margin of 8.41%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SCMWY. New Street Research lowered Swisscom from a "hold" rating to a "strong sell" rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Swisscom in a research note on Thursday, April 23rd. UBS Group lowered shares of Swisscom from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. Finally, BNP Paribas Exane lowered shares of Swisscom from an "outperform" rating to a "hold" rating in a research report on Tuesday, April 14th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce".

Swisscom Stock Performance

The stock has a market cap of $443.03 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 2.06 and a beta of 0.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50 day moving average price of $87.44 and a two-hundred day moving average price of $80.05.

Swisscom Company Profile

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.

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