Swatch Group AG (OTCMKTS:SWGAY) Stock Rated “Hold” by Sell-Side Brokerages

Swatch Group AG (OTCMKTS:SWGAY) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company.

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

Swatch Group Price Performance

Swatch Group stock opened at $10.92 on Friday. Swatch Group has a 52 week low of $9.53 and a 52 week high of $13.97. The company’s 50 day moving average price is $11.25 and its two-hundred day moving average price is $11.84.

Swatch Group Company Profile

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.