Swisscom (OTCMKTS:SCMWY) Sets New 52-Week High – Should You Buy?

Swisscom AG (OTCMKTS:SCMWY)’s stock price hit a new 52-week high on Monday . The stock traded as high as $92.54 and last traded at $92.45, with a volume of 1891 shares changing hands. The stock had previously closed at $91.00.

Analyst Upgrades and Downgrades

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

Swisscom Price Performance

The firm has a market cap of $480.04 billion, a P/E ratio of 31.31 and a beta of 0.26. The stock’s 50 day moving average is $78.31 and its two-hundred 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.