Swisscom AG (OTCMKTS:SCMWY) Short Interest Down 18.5% in December

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 907 shares, a drop of 18.5% from the November 30th total of 1,113 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 40,489 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 40,489 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Swisscom Trading Down 0.0%

Shares of SCMWY opened at $72.66 on Wednesday. The firm has a market cap of $376.39 billion, a price-to-earnings ratio of 25.49 and a beta of 0.26. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.85 and a current ratio of 0.72. Swisscom has a fifty-two week low of $54.66 and a fifty-two week high of $75.54. The firm has a 50 day moving average price of $72.05 and a 200-day moving average price of $72.07.

Swisscom (OTCMKTS:SCMWY) last released its earnings results on Thursday, November 6th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.75 by $0.13. The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.62 billion. Swisscom had a net margin of 8.87% and a return on equity of 10.34%. As a group, equities research analysts forecast that Swisscom will post 3.47 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on SCMWY. BNP Paribas upgraded shares of Swisscom from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. Zacks Research raised shares of Swisscom from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Kepler Capital Markets raised shares of Swisscom to a “strong sell” rating in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

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.