Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Swisscom AG (OTCMKTS:SCMWY) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 34,018 shares, a growth of 206.3% from the August 31st total of 11,106 shares. Based on an average daily volume of 18,041 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SCMWY. Morgan Stanley lowered shares of Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Barclays restated an “underweight” rating on shares of Swisscom in a research note on Tuesday, August 18th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Swisscom presently has an average rating of “Reduce”.

Swisscom Price Performance

Shares of SCMWY traded up $0.12 during mid-day trading on Friday, hitting $79.16. The company’s stock had a trading volume of 10,362 shares, compared to its average volume of 12,821. The company has a current ratio of 0.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.97. Swisscom has a 1-year low of $68.01 and a 1-year high of $94.63. The firm has a market capitalization of $410.06 billion, a P/E ratio of 24.74, a P/E/G ratio of 2.19 and a beta of 0.28. The firm has a 50-day simple moving average of $78.56 and a 200 day simple moving average of $81.91.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. Swisscom had a return on equity of 11.31% and a net margin of 8.86%. Analysts predict that Swisscom will post 3.18 EPS for the current fiscal year.

Swisscom Company Profile

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, digital television, and related connectivity services to consumers and businesses. The company also offers information technology, cloud, cybersecurity, networking, and unified communications solutions for corporate and public-sector customers.

Swisscom serves customers primarily in Switzerland, where it operates one of the country’s largest communications networks.