Swisscom (OTCMKTS:SCMWY) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Posted by Donald Scott on Nov 3rd, 2024

Swisscom AG (OTCMKTS:SCMWY – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $59.92 and traded as high as $61.79. Swisscom shares last traded at $61.00, with a volume of 9,994 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SCMWY. New Street Research raised shares of Swisscom to a “hold” rating in a report on Monday, September 9th. Barclays raised shares of Swisscom to a “strong sell” rating in a report on Thursday, August 15th.

Check Out Our Latest Stock Report on SCMWY

Swisscom Stock Performance

The stock’s 50-day moving average price is $64.60 and its 200 day moving average price is $59.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.94 and a current ratio of 0.94.

Swisscom (OTCMKTS:SCMWY – Get Free Report) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.81 EPS for the quarter. The business had revenue of $3.04 billion for the quarter. Swisscom had a net margin of 14.19% and a return on equity of 13.21%. Sell-side analysts anticipate that Swisscom AG will post 3.62 earnings per share for the current year.

About Swisscom

(Get Free Report)

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.