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

Swisscom AG (OTCMKTS:SCMWY) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,222 shares, a decrease of 63.7% from the June 15th total of 3,367 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 31,419 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

A number of research firms recently issued reports on SCMWY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Citigroup reissued a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. BNP Paribas Exane lowered shares of Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Morgan Stanley cut shares of Swisscom to an “underweight” rating in a report on Thursday, June 11th. Five analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Swisscom presently has a consensus rating of “Reduce”.

Swisscom Stock Performance

Shares of SCMWY opened at $77.99 on Wednesday. The firm has a market capitalization of $404.00 billion, a PE ratio of 26.08, a P/E/G ratio of 1.90 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 price of $81.84 and a 200 day moving average price of $83.26. Swisscom has a 52-week low of $68.01 and a 52-week high of $94.63.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.67 billion. Swisscom had a return on equity of 10.63% and a net margin of 8.30%. On average, sell-side analysts anticipate that Swisscom will post 3.19 earnings per share 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.