Swisscom AG (OTCMKTS:SCMWY) Short Interest Down 50.0% in April

Swisscom AG (OTCMKTS:SCMWYGet Rating) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 4,100 shares, a drop of 50.0% from the March 31st total of 8,200 shares. Based on an average trading volume of 14,300 shares, the short-interest ratio is currently 0.3 days.

Shares of Swisscom stock opened at $59.13 on Friday. Swisscom has a one year low of $53.25 and a one year high of $61.42. The firm has a market capitalization of $30.63 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 7.98 and a beta of 0.13. The business has a 50-day simple moving average of $59.63 and a 200 day simple moving average of $57.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.93 and a quick ratio of 0.93.

Swisscom (OTCMKTS:SCMWYGet Rating) last released its quarterly earnings results on Thursday, February 3rd. The utilities provider reported $0.63 earnings per share (EPS) for the quarter. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.14 billion. Swisscom had a return on equity of 17.51% and a net margin of 16.40%. On average, sell-side analysts expect that Swisscom will post 3.09 EPS for the current year.

SCMWY has been the subject of several research analyst reports. Citigroup lifted their price objective on Swisscom from CHF 500 to CHF 505 and gave the stock a “neutral” rating in a research report on Friday, February 4th. Zacks Investment Research lowered Swisscom from a “buy” rating to a “hold” rating in a research report on Saturday, April 16th. Finally, Barclays decreased their target price on Swisscom from CHF 470 to CHF 455 in a research report on Friday, April 1st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $342.33.

About Swisscom (Get Rating)

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, broadband, TV, 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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