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

Swisscom AG (OTCMKTS:SCMWY)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

Several brokerages have issued reports on SCMWY. Barclays raised 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 report on Monday, September 9th.

Swisscom Stock Performance

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

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.81 earnings per share for the quarter. Swisscom had a net margin of 15.03% and a return on equity of 14.17%. The business had revenue of $3.04 billion for the quarter. Analysts expect that Swisscom AG will post 3.62 EPS for the current fiscal 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.