Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 3,367 shares, a decline of 87.0% from the May 31st total of 25,952 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 32,071 shares, the short-interest ratio is currently 0.1 days.

Swisscom Stock Performance

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

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on SCMWY shares. BNP Paribas Exane cut Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. UBS Group downgraded Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Morgan Stanley cut shares of Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Swisscom currently has an average rating of “Reduce”.

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.