Swisscom AG (OTCMKTS:SCMWY) Sees Significant Increase in Short Interest

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 28,898 shares, an increase of 153.4% from the April 30th total of 11,405 shares. Based on an average trading volume of 18,846 shares, the short-interest ratio is currently 1.5 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Swisscom Trading Up 1.1%

SCMWY opened at $85.90 on Friday. Swisscom has a one year low of $68.01 and a one year high of $94.63. The company has a market cap of $444.95 billion, a P/E ratio of 28.73, a PEG ratio of 2.06 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.76 and a current ratio of 0.77. The business’s 50-day simple moving average is $85.60 and its 200-day simple moving average is $81.44.

Swisscom (OTCMKTS:SCMWY) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Swisscom had a net margin of 8.30% and a return on equity of 10.63%. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.67 billion. As a group, equities research analysts expect that Swisscom will post 3.25 EPS for the current fiscal year.

Swisscom Company Profile

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.