SWATCH Grp AG/ADR (OTCMKTS:SWGAY) was downgraded by equities researchers at UBS Group from a “neutral” rating to a “sell” rating in a report released on Wednesday, 99wallstreet.com reports.
Several other brokerages have also commented on SWGAY. Societe Generale raised SWATCH Grp AG/ADR from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. HSBC raised SWATCH Grp AG/ADR from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. Finally, Royal Bank of Canada lowered SWATCH Grp AG/ADR from an “outperform” rating to a “sector perform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold”.
Shares of OTCMKTS SWGAY opened at $14.96 on Wednesday. SWATCH Grp AG/ADR has a 12 month low of $14.70 and a 12 month high of $25.30.
The Swatch Group Ltd manufactures and sells finished watches, jewelry, and watch movements and components worldwide. The company's Watches & Jewelry segment designs, produces, and commercializes watches and jewelry. Its Electronic Systems segment engages in the design, production, and commercialization of electronic components, as well as sports timing activities.
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