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

Key Points

• Swisscom AG experienced a significant rise in short interest, increasing by 181.8% in September, with short interest reaching 9,300 shares compared to just 3,300 shares at the end of August.
• Brokerage analysts have given mixed ratings, with one Buy, two Hold, and one Sell ratings, while Zacks Research recently upgraded the stock to a "hold" rating.
• In its latest quarterly earnings, Swisscom reported $0.61 earnings per share, missing estimates of $0.88, and achieved revenues of $4.57 billion, slightly below expectations.

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 9,300 shares, an increase of 181.8% from the August 31st total of 3,300 shares. Based on an average daily volume of 12,700 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 12,700 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

Several brokerages have weighed in on SCMWY. Zacks Research raised shares of Swisscom to a "hold" rating in a research note on Tuesday, August 12th. Kepler Capital Markets raised shares of Swisscom to a "strong sell" rating in a report on Tuesday, September 23rd. Berenberg Bank raised shares of Swisscom to a "hold" rating in a report on Thursday, June 26th. Finally, BNP Paribas raised shares of Swisscom from a "hold" rating to an "outperform" rating in a report on Thursday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold".

Swisscom Price Performance

Shares of OTCMKTS:SCMWY traded up $0.38 on Friday, reaching $73.83. 2,440 shares of the company were exchanged, compared to its average volume of 13,398. The company has a current ratio of 0.74, a quick ratio of 0.85 and a debt-to-equity ratio of 1.08. Swisscom has a 1-year low of $54.66 and a 1-year high of $74.81. The firm has a market cap of $382.45 billion, a price-to-earnings ratio of 24.86 and a beta of 0.28. The company has a 50-day moving average of $72.62 and a 200-day moving average of $68.58.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.61 billion. Equities analysts forecast that Swisscom will post 3.47 earnings per share for the current fiscal year.

Swisscom Company Profile

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.

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