Swatch Group AG (OTCMKTS:SWGAY) Stock Rated “Hold” by Wall Street Brokerages

Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) has received an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company.

SWGAY has been the subject of several recent analyst reports. Kepler Capital Markets upgraded shares of Swatch Group from a “reduce” rating to a “buy” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein downgraded shares of Swatch Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Swatch Group in a research note on Thursday, June 18th. Finally, The Goldman Sachs Group assumed coverage on Swatch Group in a research note on Sunday, October 4th. They issued a “sell” rating for the company.

Read Our Latest Stock Report on SWGAY

Swatch Group Price Performance

Shares of SWGAY stock opened at $10.68 on Friday. Swatch Group has a 12-month low of $9.60 and a 12-month high of $13.97. The stock has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $11.83.

Swatch Group Company Profile

(Get Free Report)

Swatch Group Ltd. is a Swiss-based international watchmaking and jewelry company headquartered in Biel/Bienne, Switzerland. The group develops, manufactures and markets watches, jewelry, watch movements and components, as well as related electronic systems and products.

Its portfolio includes brands across the luxury, prestige and entry-level segments, including Breguet, Blancpain, Omega, Longines, Rado, Tissot, Hamilton, Certina, Mido, Swatch, Glashütte Original and Harry Winston. Through its manufacturing companies, Swatch Group also supplies mechanical and quartz movements, watch components and other production technologies to its own brands and, in some cases, external customers.

The company was formed in 1983 through the merger of Swiss watchmaking groups ASUAG and SSIH.

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Analyst Recommendations for Swatch Group (OTCMKTS:SWGAY)

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