Swisscom AG (OTCMKTS:SCMWY) Sees Significant Growth in Short Interest

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

Wall Street Analysts Forecast Growth

SCMWY has been the subject of a number of recent research reports. Citigroup reissued a “neutral” rating on shares of Swisscom in a research note 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Finally, Morgan Stanley downgraded Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Five investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Swisscom presently has a consensus rating of “Reduce”.

Swisscom Trading Down 2.9%

Shares of SCMWY stock traded down $2.25 on Friday, reaching $76.28. 284 shares of the stock were exchanged, compared to its average volume of 10,683. The stock has a market cap of $395.12 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 1.91 and a beta of 0.28. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $79.68 and a two-hundred day moving average of $83.63. Swisscom has a 1-year low of $68.01 and a 1-year high of $94.63.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings results 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 firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Swisscom had a net margin of 8.30% and a return on equity of 10.63%. On average, research analysts anticipate that Swisscom will post 3.19 EPS for the current 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.