Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,367 shares, a decrease of 87.0% from the May 31st total of 25,952 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 32,071 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

SCMWY has been the subject of a number of recent analyst reports. Morgan Stanley downgraded Swisscom to an “underweight” rating in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a research report 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. Finally, UBS Group downgraded Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Four research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Swisscom Stock Performance

Shares of SCMWY traded up $0.12 during mid-day trading on Friday, reaching $78.92. 1,949 shares of the company’s stock were exchanged, compared to its average volume of 9,432. The business’s fifty day simple moving average is $83.73 and its 200-day simple moving average is $82.67. The stock has a market capitalization of $408.79 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.26. Swisscom has a 52-week low of $68.01 and a 52-week high of $94.63. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77.

Swisscom (OTCMKTS:SCMWY) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.67 billion. Swisscom had a net margin of 8.30% and a return on equity of 10.63%. On average, equities research analysts expect that Swisscom will post 3.19 earnings per share for the current 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.