Short Interest in Swisscom AG (OTCMKTS:SCMWY) Declines By 46.6%

Swisscom AG (OTCMKTS:SCMWY) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 6,300 shares, a decrease of 46.6% from the September 30th total of 11,800 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,200 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 21,200 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Swisscom Stock Up 2.7%

Shares of OTCMKTS SCMWY opened at $73.77 on Friday. The firm’s 50-day moving average price is $73.47 and its 200-day moving average price is $70.57. The company has a current ratio of 0.74, a quick ratio of 0.85 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $382.14 billion, a price-to-earnings ratio of 24.84 and a beta of 0.28. Swisscom has a 12-month low of $54.66 and a 12-month high of $75.54.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.27). Swisscom had a return on equity of 10.05% and a net margin of 9.29%.The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.61 billion. On average, equities research analysts anticipate that Swisscom will post 3.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Kepler Capital Markets raised shares of Swisscom to a “strong sell” rating in a report on Tuesday, September 23rd. Zacks Research downgraded shares of Swisscom from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Finally, BNP Paribas raised shares of Swisscom from a “hold” rating to an “outperform” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

About Swisscom

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.