Swisscom (OTCMKTS:SCMWY) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Swisscom AG (OTCMKTS:SCMWY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $72.07 and traded as high as $73.45. Swisscom shares last traded at $72.66, with a volume of 11,134 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SCMWY. Kepler Capital Markets upgraded shares of Swisscom to a “strong sell” rating in a research report on Tuesday, September 23rd. BNP Paribas raised shares of Swisscom from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. Finally, Zacks Research raised shares of Swisscom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Swisscom Trading Down 0.0%

The company has a market cap of $376.39 billion, a P/E ratio of 25.49 and a beta of 0.26. The company has a quick ratio of 0.85, a current ratio of 0.72 and a debt-to-equity ratio of 0.99. The firm’s 50-day moving average price is $72.05 and its 200-day moving average price is $72.07.

Swisscom (OTCMKTS:SCMWY) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.62 billion. Swisscom had a return on equity of 10.34% and a net margin of 8.87%. As a group, equities research analysts expect that Swisscom AG will post 3.47 earnings per share for the current fiscal year.

About Swisscom

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.