Swisscom (OTCMKTS:SCMWY) Stock Crosses Above Fifty Day Moving Average of $48.74

Shares of Swisscom AG (OTCMKTS:SCMWY) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $48.74 and traded as high as $49.91. Swisscom shares last traded at $49.91, with a volume of 174 shares changing hands.

Several research firms recently commented on SCMWY. Zacks Investment Research lowered shares of Swisscom from a “hold” rating to a “sell” rating in a report on Wednesday, May 29th. UBS Group lowered shares of Swisscom from a “buy” rating to a “neutral” rating in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.00.

The company’s fifty day simple moving average is $48.88. The firm has a market capitalization of $26.04 billion, a P/E ratio of 16.72 and a beta of 0.29.

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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