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

Key Points

• Swisscom AG shares have crossed above their 200-day moving average of $68.67, reaching a high of $74.00 before settling at $73.72 during trading.
• Equities analysts have mixed ratings on Swisscom, with one Buy, two Hold, and one Sell ratings, leading to an average rating of "Hold".
• For its latest earnings report, Swisscom missed analysts' expectations with a net margin of 9.29% and revenue of $4.57 billion, falling short of the forecasted $4.61 billion.

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $68.67 and traded as high as $74.00. Swisscom shares last traded at $73.72, with a volume of 5,831 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Berenberg Bank raised shares of Swisscom to a "hold" rating in a research report on Thursday, June 26th. BNP Paribas raised shares of Swisscom from a "hold" rating to an "outperform" rating in a research report on Thursday. Zacks Research raised shares of Swisscom to a "hold" rating in a research report on Tuesday, August 12th. Finally, Kepler Capital Markets raised shares of Swisscom to a "strong sell" rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold".

Swisscom Price Performance

The stock's 50-day moving average is $72.66 and its 200 day moving average is $68.67. 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 company has a market cap of $381.88 billion, a PE ratio of 24.82 and a beta of 0.28.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last posted 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). Swisscom had a net margin of 9.29% and a return on equity of 10.05%. The firm had revenue of $4.57 billion for the quarter, compared to analysts' expectations of $4.61 billion. On average, equities analysts anticipate that Swisscom AG will post 3.47 earnings per share for the current fiscal year.

About Swisscom

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.