MGM China (OTCMKTS:MCHVF) was downgraded by research analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report issued on Friday, September 21st, The Fly reports.
A number of other analysts also recently issued reports on the stock. HSBC upgraded shares of MGM China from a “hold” rating to a “buy” rating in a report on Monday, August 20th. Deutsche Bank cut shares of MGM China from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, CLSA raised shares of MGM China from an “underperform” rating to an “outperform” rating in a research report on Friday, September 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy”.
OTCMKTS MCHVF opened at $1.51 on Friday. MGM China has a 12-month low of $1.44 and a 12-month high of $3.21.
MGM China Company Profile
MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company engages in the development and operation of casino games of chance and other casino games, the related hotel and resort facilities, and the development of integrated resorts in Macau.
Further Reading: Intrinsic Value and Stock Selection
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