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

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a large decrease in short interest during 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. Based on an average daily trading volume, of 32,071 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

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

Swisscom Stock Performance

Shares of Swisscom stock traded up $0.22 during trading hours on Friday, reaching $79.01. The company had a trading volume of 11,814 shares, compared to its average volume of 14,958. Swisscom has a one year low of $68.01 and a one year high of $94.63. The business has a fifty day simple moving average of $83.62 and a 200 day simple moving average of $82.64. 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 firm has a market cap of $409.28 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.93 and a beta of 0.26.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings data 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). The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Swisscom had a return on equity of 10.63% and a net margin of 8.30%. On average, analysts anticipate that Swisscom will post 3.19 earnings per share for the current fiscal year.

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.