Swisscom (OTCMKTS:SCMWY) Hits New 12-Month High – What’s Next?

Swisscom AG (OTCMKTS:SCMWY) shares reached a new 52-week high on Tuesday . The company traded as high as $86.17 and last traded at $85.61, with a volume of 5761 shares trading hands. The stock had previously closed at $85.5750.

Analyst Ratings Changes

Separately, Zacks Research raised Swisscom from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Swisscom has an average rating of “Hold”.

Swisscom Trading Up 2.1%

The business’s 50-day simple moving average is $75.64 and its 200 day simple moving average is $73.84. The company has a market capitalization of $462.59 billion, a P/E ratio of 31.33 and a beta of 0.27.

Swisscom Company Profile

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.