Swire Pacific Ltd. (OTCMKTS:SWRAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued 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. “

Swire Pacific (OTCMKTS:SWRAY) opened at 10.025 on Tuesday. Swire Pacific has a 12-month low of $9.06 and a 12-month high of $12.13. The stock has a 50 day moving average of $0.00 and a 200 day moving average of $0.00.

COPYRIGHT VIOLATION WARNING: This article was originally posted by Daily Political and is owned by of Daily Political. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at http://www.dailypolitical.com/2016/11/29/zacks-investment-research-upgrades-swire-pacific-ltd-swray-to-hold.html.

Swire Pacific Company Profile

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.

Get a free copy of the Zacks research report on Swire Pacific (SWRAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Swire Pacific Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swire Pacific Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.