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

Swisscom AG (OTCMKTS:SCMWY)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $78.13 and traded as high as $84.50. Swisscom shares last traded at $83.83, with a volume of 10,597 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on SCMWY. New Street Research cut Swisscom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. UBS Group lowered Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Swisscom currently has a consensus rating of “Reduce”.

Swisscom Stock Up 0.3%

The stock has a market capitalization of $434.25 billion, a price-to-earnings ratio of 28.32 and a beta of 0.29. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average price of $88.09 and a 200 day moving average price of $78.13.

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.