Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Swisscom AG (OTCMKTS:SCMWY) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,270 shares, an increase of 85.8% from the June 30th total of 1,222 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 36,371 shares, the days-to-cover ratio is presently 0.1 days.

Swisscom Stock Performance

OTCMKTS SCMWY opened at $76.75 on Friday. The firm has a 50-day moving average of $79.48 and a 200-day moving average of $83.58. 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 stock has a market cap of $397.58 billion, a PE ratio of 25.67, a P/E/G ratio of 1.90 and a beta of 0.28. Swisscom has a 52-week low of $68.01 and a 52-week high of $94.63.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup reiterated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Morgan Stanley lowered Swisscom to an “underweight” rating in a research note on Thursday, June 11th. BNP Paribas Exane cut Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Swisscom presently has a consensus 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.