Swisscom AG (OTCMKTS:SCMWY – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 4,235 shares, an increase of 86.6% from the July 15th total of 2,270 shares. Based on an average daily trading volume, of 28,503 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.
Swisscom Stock Down 0.9%
Shares of Swisscom stock traded down $0.73 on Monday, reaching $78.04. 4,841 shares of the company were exchanged, compared to its average volume of 10,953. Swisscom has a one year low of $68.01 and a one year high of $94.63. The company has a market capitalization of $404.24 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.19 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average of $78.09 and a 200 day moving average of $83.83.
Swisscom (OTCMKTS:SCMWY – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. Swisscom had a net margin of 8.86% and a return on equity of 11.30%. On average, equities research analysts forecast that Swisscom will post 3.18 earnings per share for the current year.
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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.
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