Swisscom AG (OTCMKTS:SCMWY) Short Interest Down 53.3% in April

Swisscom AG (OTCMKTS:SCMWY) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 11,405 shares, a drop of 53.3% from the April 15th total of 24,434 shares. Based on an average daily trading volume, of 20,881 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SCMWY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Swisscom in a research note on Thursday, April 23rd. BNP Paribas Exane cut Swisscom from an “outperform” rating to a “hold” rating in a research note on Tuesday, April 14th. New Street Research cut Swisscom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Finally, UBS Group cut Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Swisscom currently has a consensus rating of “Reduce”.

Swisscom Stock Down 0.5%

Swisscom stock opened at $86.84 on Friday. The firm has a market cap of $449.84 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 2.09 and a beta of 0.26. The stock has a fifty day simple moving average of $86.86 and a two-hundred day simple moving average of $80.47. Swisscom has a 12 month low of $64.82 and a 12 month high of $94.63. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Swisscom had a return on equity of 10.56% and a net margin of 8.30%.The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.67 billion. Equities analysts predict that Swisscom will post 3.25 EPS for the current fiscal year.

About Swisscom

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.