Swisscom AG (OTCMKTS:SCMWY) Sees Significant Decline in Short Interest

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

Analyst Ratings Changes

SCMWY has been the subject of several analyst reports. UBS Group downgraded Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. New Street Research downgraded Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Finally, BNP Paribas Exane downgraded Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Swisscom Stock Down 1.4%

OTCMKTS:SCMWY traded down $1.19 on Friday, reaching $85.65. The stock had a trading volume of 8,969 shares, compared to its average volume of 10,281. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average of $86.71 and a 200 day moving average of $80.51. The stock has a market cap of $443.69 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 2.08 and a beta of 0.26. Swisscom has a 12-month low of $65.47 and a 12-month high of $94.63.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Swisscom had a net margin of 8.30% and a return on equity of 10.56%. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.67 billion. On average, research analysts predict that Swisscom will post 3.25 earnings per share for the current year.

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.