Swatch Group (OTCMKTS:SWGAY) Upgraded at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Swatch Group (OTCMKTS:SWGAY) from a reduce rating to a buy rating in a report released on Wednesday, Marketbeat reports.

Other equities analysts have also issued reports about the company. Sanford C. Bernstein lowered Swatch Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 25th. Citigroup reaffirmed a “neutral” rating on shares of Swatch Group in a research report on Thursday, June 18th. Zacks Research upgraded shares of Swatch Group to a “hold” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada upgraded shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Swatch Group presently has a consensus rating of “Hold”.

Swatch Group Stock Performance

Shares of Swatch Group stock opened at $11.12 on Wednesday. The stock’s 50-day moving average is $12.42 and its 200 day moving average is $11.94. Swatch Group has a one year low of $8.25 and a one year high of $13.97.

About Swatch Group

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.