MGM China Holdings Ltd (OTCMKTS:MCHVF) Given Average Recommendation of “Hold” by Brokerages
MGM China Holdings Ltd (OTCMKTS:MCHVF) has been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company.
MCHVF has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded MGM China from a “neutral” rating to an “overweight” rating in a research note on Wednesday, June 5th. Deutsche Bank upgraded MGM China from a “hold” rating to a “buy” rating in a report on Monday, July 1st.
MCHVF stock traded up $0.06 during mid-day trading on Friday, hitting $1.67. 1,200 shares of the stock were exchanged, compared to its average volume of 5,989. MGM China has a 12 month low of $1.41 and a 12 month high of $2.15. The business has a fifty day moving average price of $1.52 and a 200 day moving average price of $1.76.
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, and the related hotel and resort facilities; and the development of integrated resorts in Macau.
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