Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Swisscom AG (OTCMKTS:SCMWY) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 11,106 shares, a growth of 81.3% from the August 15th total of 6,127 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 16,607 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

SCMWY has been the subject of several research analyst reports. Barclays reissued an “underweight” rating on shares of Swisscom in a research report on Tuesday, August 18th. Morgan Stanley lowered Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Swisscom in a research note on Monday, July 6th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Swisscom presently has a consensus rating of “Reduce”.

Swisscom Stock Down 0.8%

Swisscom stock traded down $0.64 during midday trading on Thursday, reaching $81.59. The stock had a trading volume of 1,743 shares, compared to its average volume of 10,713. Swisscom has a 12 month low of $68.01 and a 12 month high of $94.63. The company has a market capitalization of $422.65 billion, a P/E ratio of 25.50, a PEG ratio of 2.28 and a beta of 0.28. The company has a fifty day moving average price of $78.24 and a two-hundred day moving average price of $82.48. The company has a current ratio of 0.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.97.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings results 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. Swisscom had a return on equity of 11.31% and a net margin of 8.86%.The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. As a group, equities analysts expect that Swisscom will post 3.18 EPS for the current fiscal year.

About Swisscom

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, digital television, and related connectivity services to consumers and businesses. The company also offers information technology, cloud, cybersecurity, networking, and unified communications solutions for corporate and public-sector customers.

Swisscom serves customers primarily in Switzerland, where it operates one of the country’s largest communications networks.