Swisscom AG (OTCMKTS:SCMWY) Short Interest Up 181.8% in September

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 9,300 shares, a growth of 181.8% from the August 31st total of 3,300 shares. Based on an average trading volume of 12,700 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 12,700 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SCMWY shares. Kepler Capital Markets raised shares of Swisscom to a “strong sell” rating in a research note on Tuesday, September 23rd. Berenberg Bank upgraded Swisscom to a “hold” rating in a research report on Thursday, June 26th. Zacks Research upgraded Swisscom to a “hold” rating in a research report on Tuesday, August 12th. Finally, BNP Paribas raised Swisscom from a “hold” rating to an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Swisscom Trading Up 0.4%

Shares of Swisscom stock opened at $73.72 on Friday. The business has a fifty day simple moving average of $72.66 and a 200-day simple moving average of $68.73. Swisscom has a fifty-two week low of $54.66 and a fifty-two week high of $74.81. The firm has a market cap of $381.88 billion, a price-to-earnings ratio of 24.82 and a beta of 0.28. The company has a quick ratio of 0.85, a current ratio of 0.74 and a debt-to-equity ratio of 1.08.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.27). Swisscom had a return on equity of 10.05% and a net margin of 9.29%.The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.61 billion. On average, equities analysts forecast that Swisscom will post 3.47 EPS for the current fiscal year.

About Swisscom

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.