Zacks Investment Research upgraded shares of Swire Pacific Ltd. (OTCMKTS:SWRAY) from a sell rating to a hold rating in a report released on Tuesday.

According to Zacks, “SWIRE PACIFIC LIMITED is one of Hong Kong’s leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The company’s operations are predominantly based in the Greater China region, where the Swire group has been established for over 130 years. Swire Pacific seeks to foster long-term, sustainable growth through active participation in management, underpinned by a strong financial base. “

Shares of Swire Pacific (OTCMKTS:SWRAY) opened at 10.10 on Tuesday. Swire Pacific has a 52 week low of $9.06 and a 52 week high of $12.13. The firm’s 50-day moving average price is $10.55 and its 200 day moving average price is $11.08. The company has a market capitalization of $15.19 billion, a PE ratio of 11.21 and a beta of 1.00.

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About Swire Pacific

Swire Pacific Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The Company operates through five segments. The Property segment is engaged in the investment, development and operation of commercial properties in Hong Kong and Mainland China. The Aviation segment is engaged in airline operation, airline engineering, air cargo terminal operation, as well as the provision of airline catering and ground services.

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