Swatch Group (OTCMKTS:SWGAY) Upgraded by Kepler Capital Markets to Buy Rating

Swatch Group (OTCMKTS:SWGAY) was upgraded by analysts at Kepler Capital Markets from a “reduce” rating to a “buy” rating in a research report issued on Wednesday.

A number of other analysts have also issued reports on SWGAY. Royal Bank Of Canada upgraded Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. Citigroup reissued a “neutral” rating on shares of Swatch Group in a research report on Thursday, June 18th. Sanford C. Bernstein downgraded Swatch Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 25th. Finally, Zacks Research upgraded Swatch Group to a “hold” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Swatch Group Stock Performance

Shares of OTCMKTS:SWGAY opened at $10.48 on Wednesday. The firm has a 50 day simple moving average of $12.53 and a 200 day simple moving average of $11.95. Swatch Group has a 52 week low of $8.25 and a 52 week high of $13.97.

Swatch Group Company Profile

The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.

Manufacturing and technical competence are central to the company’s operations.