Swisscom AG (OTCMKTS:SCMWY) Short Interest Down 87.0% in June

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a significant decrease in short interest in 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 shares of the company are sold short. Based on an average daily volume of 32,071 shares, the days-to-cover ratio is currently 0.1 days.

Swisscom Stock Performance

SCMWY traded up $0.22 during midday trading on Friday, reaching $79.01. The company’s stock had a trading volume of 11,814 shares, compared to its average volume of 14,958. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $83.62 and a 200 day simple moving average of $82.64. The stock has a market cap of $409.28 billion, a P/E ratio of 26.42, a PEG ratio of 1.92 and a beta of 0.26. Swisscom has a twelve month low of $68.01 and a twelve month high of $94.63.

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

Analysts Set New Price Targets

Several equities analysts have commented on the company. BNP Paribas Exane downgraded Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Morgan Stanley lowered shares of Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock 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.