Swisscom (OTCMKTS:SCMWY) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Swisscom AG (OTCMKTS:SCMWY) 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 traded.

Wall Street Analysts Forecast Growth

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

Swisscom Trading Down 0.6 %

The stock’s 50-day moving average is $64.60 and its 200 day moving average is $59.92. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.41.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. The firm had revenue of $3.04 billion during the quarter. Swisscom had a net margin of 15.03% and a return on equity of 14.17%. On average, equities research analysts predict that Swisscom AG will post 3.62 EPS for the current year.

Swisscom Company Profile

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.