Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Swisscom AG (OTCMKTS:SCMWY) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 4,235 shares, a growth of 86.6% from the July 15th total of 2,270 shares. Based on an average daily volume of 28,503 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

SCMWY has been the subject of several analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Finally, Morgan Stanley lowered Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Swisscom Price Performance

Shares of OTCMKTS SCMWY opened at $78.77 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $408.01 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 2.19 and a beta of 0.28. Swisscom has a twelve month low of $68.01 and a twelve month high of $94.63. The business has a 50 day simple moving average of $78.09 and a 200-day simple moving average of $83.79.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Swisscom had a return on equity of 11.30% and a net margin of 8.86%. As a group, equities research analysts expect that Swisscom will post 3.18 earnings per share for the current 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.