Barclays Downgrades Swiss Re (OTCMKTS:SSREY) to Strong Sell

Swiss Re (OTCMKTS:SSREY - Get Free Report) was downgraded by Barclays from a "hold" rating to a "strong sell" rating in a report released on Thursday,Zacks.com reports.

Other analysts have also issued reports about the company. Citigroup reissued a "buy" rating on shares of Swiss Re in a research note on Tuesday, May 20th. BNP Paribas cut shares of Swiss Re from a "hold" rating to a "strong sell" rating in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Swiss Re presently has an average rating of "Hold".

Swiss Re Stock Down 0.9%

OTCMKTS SSREY traded down $0.38 during trading on Thursday, hitting $41.97. 62,353 shares of the company's stock were exchanged, compared to its average volume of 28,355. The stock's 50 day moving average price is $43.93 and its two-hundred day moving average price is $40.56. Swiss Re has a fifty-two week low of $29.00 and a fifty-two week high of $46.89.

About Swiss Re

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.