Swisscom (OTCMKTS:SCMWY) Stock Price Crosses Above 200-Day Moving Average After Earnings Miss

Swisscom AG (OTCMKTS:SCMWY)’s share price passed above its 200-day moving average during trading on Thursday following a stronger than expected earnings report. The stock has a 200-day moving average of $80.05 and traded as high as $85.87. Swisscom shares last traded at $85.5250, with a volume of 15,521 shares.

The utilities provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Swisscom had a net margin of 8.41% and a return on equity of 10.56%.

Analyst Ratings Changes

A number of research firms have commented on SCMWY. BNP Paribas Exane lowered Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. UBS Group lowered Swisscom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Finally, New Street Research lowered Swisscom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Swisscom presently has a consensus rating of “Reduce”.

Swisscom Stock Down 0.7%

The company’s fifty day moving average price is $87.44 and its 200-day moving average price is $80.05. The stock has a market capitalization of $443.03 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 2.06 and a beta of 0.26. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.96.

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.