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

Swisscom AG (OTCMKTS:SCMWY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $91.8972 and last traded at $91.8972, with a volume of 1413 shares changing hands. The stock had previously closed at $91.19.

Wall Street Analyst Weigh In

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

Swisscom Trading Up 0.6%

The stock has a 50-day simple moving average of $76.53 and a 200 day simple moving average of $74.18. The company has a market cap of $475.12 billion, a price-to-earnings ratio of 30.99 and a beta of 0.26.

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.