Shares of Swisscom AG (OTCMKTS:SCMWY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.99 and traded as high as $49.39. Swisscom shares last traded at $49.38, with a volume of 1,963 shares trading hands.
Separately, Zacks Investment Research upgraded Swisscom from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $55.00.
The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $25.64 billion, a P/E ratio of 16.39 and a beta of 0.30. The firm has a 50 day moving average of $49.14 and a 200-day moving average of $47.99.
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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