Swisscom (OTCMKTS:SCMWY) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Swisscom AG (OTCMKTS:SCMWY)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $59.68 and traded as high as $60.88. Swisscom shares last traded at $60.68, with a volume of 13,089 shares traded.

Swisscom Trading Down 1.4 %

The stock has a 50 day simple moving average of $57.19 and a 200-day simple moving average of $59.68. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $308.43 billion, a P/E ratio of 17.62 and a beta of 0.27.

Swisscom (OTCMKTS:SCMWY) last announced its earnings results on Thursday, February 13th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.34). Swisscom had a net margin of 14.19% and a return on equity of 12.00%. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.23 billion. On average, equities research analysts forecast that Swisscom AG will post 3.47 EPS for the current fiscal year.

About Swisscom

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.