Swisscom (OTCMKTS:SCMWY) Shares Cross Above 200 Day Moving Average on Disappointing Earnings

Swisscom AG (OTCMKTS:SCMWY) shares crossed above its 200-day moving average during trading on Friday following a better than expected earnings announcement. The stock has a 200-day moving average of $59.19 and traded as high as $65.96. Swisscom shares last traded at $65.45, with a volume of 4,595 shares.

The utilities provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.13). Swisscom had a net margin of 14.19% and a return on equity of 12.00%. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.19 billion.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas downgraded shares of Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 10th.

Swisscom Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.85, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a market cap of $339.04 billion, a PE ratio of 19.36 and a beta of 0.30. The company’s fifty day moving average is $62.23 and its 200-day moving average is $59.15.

Swisscom Company Profile

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.