Swisscom (OTCMKTS:SCMWY) Stock Price Passes Above 50 Day Moving Average of $49.45

Swisscom AG (OTCMKTS:SCMWY) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $49.45 and traded as high as $49.13. Swisscom shares last traded at $49.13, with a volume of 916 shares.

SCMWY has been the subject of several recent analyst reports. UBS Group downgraded Guangshen Railway Co. Ltd ADR Class H from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 3rd. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Swisscom has an average rating of “Hold” and an average target price of $52.00.

The business’s 50 day moving average is $49.47. The firm has a market cap of $25.40 billion, a PE ratio of 16.29 and a beta of 0.32.

About Swisscom (OTCMKTS:SCMWY)

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. The company operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. It offers broadband, TV, fixed-network, and mobile phone subscription services, as well as national and international telephone, and data traffic services for residential customers, and small and medium-sized enterprises.

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