Short Interest in Swisscom AG (OTCMKTS:SCMWY) Declines By 63.7%

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 1,222 shares, a drop of 63.7% from the June 15th total of 3,367 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 31,419 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Several research firms have weighed in on SCMWY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. BNP Paribas Exane cut shares of Swisscom from an “outperform” rating to a “hold” rating in a research note on Tuesday, April 14th. Morgan Stanley downgraded Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Five investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Swisscom Price Performance

Shares of OTCMKTS:SCMWY traded up $0.21 during midday trading on Tuesday, reaching $77.99. The company’s stock had a trading volume of 28,055 shares, compared to its average volume of 10,303. Swisscom has a fifty-two week low of $68.01 and a fifty-two week high of $94.63. The company has a market capitalization of $404.00 billion, a P/E ratio of 26.08, a P/E/G ratio of 1.86 and a beta of 0.28. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77. The business’s fifty day simple moving average is $81.99 and its 200-day simple moving average is $83.22.

Swisscom (OTCMKTS:SCMWY) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). Swisscom had a net margin of 8.30% and a return on equity of 10.63%. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.67 billion. As a group, equities research analysts expect that Swisscom will post 3.19 EPS for the current fiscal 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.