Swisscom (OTCMKTS:SCMWY) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Swisscom AG (OTCMKTS:SCMWY)’s stock price crossed 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.

Analyst Ratings Changes

SCMWY has been the topic of a number of analyst reports. New Street Research lowered Swisscom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. UBS Group cut shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Swisscom has an average rating of “Reduce”.

Swisscom Stock Performance

The stock’s fifty day simple moving average is $88.25 and its two-hundred day simple moving average is $78.17. The company has a market cap of $434.73 billion, a price-to-earnings ratio of 28.35 and a beta of 0.29. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 0.76.

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.