Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Swisscom AG (OTCMKTS:SCMWY) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 34,018 shares, a growth of 206.3% from the August 31st total of 11,106 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 18,041 shares, the days-to-cover ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

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

Swisscom Stock Performance

Shares of Swisscom stock traded up $0.12 during trading on Friday, hitting $79.16. 10,362 shares of the company’s stock traded hands, compared to its average volume of 12,821. Swisscom has a 1 year low of $68.01 and a 1 year high of $94.63. The business has a 50-day simple moving average of $78.56 and a 200-day simple moving average of $81.91. The stock has a market capitalization of $410.06 billion, a P/E ratio of 24.74, a PEG ratio of 2.20 and a beta of 0.28. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.62 and a quick ratio of 0.77.

Swisscom (OTCMKTS:SCMWY) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.44 billion. Swisscom had a return on equity of 11.31% and a net margin of 8.86%. As a group, analysts forecast that Swisscom will post 3.18 EPS for the current 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.