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 covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company.

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

Swatch Group Price Performance

OTCMKTS SWGAY opened at $10.66 on Friday. The stock has a fifty day moving average of $11.25 and a 200-day moving average of $11.84. Swatch Group has a 52 week low of $9.60 and a 52 week high of $13.97.

About Swatch Group

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.