Swisscom AG (OTCMKTS:SCMWY) Short Interest Down 63.7% in June

Swisscom AG (OTCMKTS:SCMWY) saw a large drop in short interest during the month of 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 31,419 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley downgraded Swisscom to an “underweight” rating in a report on Thursday, June 11th. Citigroup restated a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. BNP Paribas Exane lowered Swisscom from an “outperform” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reissued 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. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Swisscom Stock Performance

OTCMKTS SCMWY opened at $76.34 on Monday. The company has a market capitalization of $395.45 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.86 and a beta of 0.28. Swisscom has a 12 month low of $68.01 and a 12 month high of $94.63. The company’s fifty day moving average price is $82.14 and its two-hundred day moving average price is $83.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.82 earnings per share (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 firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.67 billion. As a group, research analysts predict 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.