Short Interest in Swisscom AG (OTCMKTS:SCMWY) Declines By 53.3%

Swisscom AG (OTCMKTS:SCMWY) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 11,405 shares, a decrease of 53.3% from the April 15th total of 24,434 shares. Based on an average daily volume of 20,881 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Swisscom Stock Performance

Shares of Swisscom stock opened at $85.65 on Friday. The business’s fifty day simple moving average is $86.71 and its 200 day simple moving average is $80.51. The firm has a market capitalization of $443.69 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 2.05 and a beta of 0.26. Swisscom has a 12 month low of $65.47 and a 12 month high of $94.63. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96.

Swisscom (OTCMKTS:SCMWY) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Swisscom had a return on equity of 10.56% and a net margin of 8.30%.The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.67 billion. As a group, analysts anticipate that Swisscom will post 3.25 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SCMWY. UBS Group lowered Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. New Street Research lowered Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Finally, BNP Paribas Exane lowered Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

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.