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Swatch Group AG (OTCMKTS:SWGAY) was downgraded by Societe Generale from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Swatch Group AG (OTCMKTS:SWGAY) traded down 2.30% during mid-day trading on Wednesday, hitting $29.30. 10,154 shares of the company’s stock traded hands. Swatch Group AG has a 52 week low of $25.75 and a 52 week high of $33.46. The stock’s 50-day moving average is $31.01 and its 200-day moving average is $31.57. The company has a market cap of $31.831 billion and a price-to-earnings ratio of 15.16.

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