Swisscom (OTCMKTS:SCMWY) Sets New 12-Month High – Here’s What Happened

Swisscom AG (OTCMKTS:SCMWY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $92.54 and last traded at $92.45, with a volume of 1891 shares traded. The stock had previously closed at $91.00.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Swisscom from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Swisscom Price Performance

The stock has a market capitalization of $480.04 billion, a P/E ratio of 31.31 and a beta of 0.26. The stock’s fifty day moving average is $78.31 and its 200-day moving average is $74.74.

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.