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

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 600 shares, a decline of 88.9% from the March 15th total of 5,400 shares. Based on an average trading volume of 26,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas lowered Swisscom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 10th.

Swisscom Trading Up 1.5 %

Shares of SCMWY stock traded up $1.00 on Friday, reaching $65.73. 4,517 shares of the stock were exchanged, compared to its average volume of 19,228. Swisscom has a 1-year low of $53.01 and a 1-year high of $66.00. The stock has a market cap of $340.49 billion, a P/E ratio of 19.45 and a beta of 0.28. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $59.32 and a two-hundred day moving average of $59.03.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.34). The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.23 billion. Swisscom had a return on equity of 12.00% and a net margin of 14.19%. On average, research analysts anticipate that Swisscom will post 3.47 EPS for the current year.

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.