Swisscom AG (OTCMKTS:SCMWY) Sees Large Drop in Short Interest

Swisscom AG (OTCMKTS:SCMWY) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 907 shares, a drop of 18.5% from the November 30th total of 1,113 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 40,489 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 40,489 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SCMWY. BNP Paribas raised shares of Swisscom from a “hold” rating to an “outperform” rating in a report on Thursday, October 2nd. Zacks Research raised Swisscom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Kepler Capital Markets upgraded Swisscom to a “strong sell” rating in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Swisscom Price Performance

OTCMKTS SCMWY opened at $72.79 on Friday. The company has a market capitalization of $377.06 billion, a PE ratio of 25.54 and a beta of 0.26. The company has a fifty day moving average of $71.98 and a 200 day moving average of $72.08. Swisscom has a 1 year low of $54.66 and a 1 year high of $75.54.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.13. The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.62 billion. Swisscom had a return on equity of 10.34% and a net margin of 8.87%. Research analysts expect that Swisscom will post 3.47 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.