Zacks Research Upgrades Sands China (OTCMKTS:SCHYY) to “Hold”
by Tristan Rich · The Markets DailySands China (OTCMKTS:SCHYY – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
Separately, Morgan Stanley cut shares of Sands China from an “overweight” rating to an “equal weight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
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Sands China Stock Performance
OTCMKTS:SCHYY opened at $17.15 on Monday. The company has a 50 day simple moving average of $20.03 and a two-hundred day simple moving average of $22.38. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.85 and a quick ratio of 0.84. Sands China has a fifty-two week low of $17.06 and a fifty-two week high of $29.04.
About Sands China
Sands China Ltd is a Macau-based developer and operator of integrated resorts and casino properties. As a subsidiary of Las Vegas Sands Corp., the company focuses on the development, ownership and operation of large-scale destination resorts that combine gaming with hotels, retail, dining, meetings and entertainment. Its portfolio includes well-known integrated resorts on the Macau Peninsula and the Cotai Strip that are designed to serve both leisure tourists and business travelers.
The company’s core activities include casino gaming operations (table games and electronic gaming), hotel management, retail mall operations, food and beverage services, and the provision of convention and exhibition facilities.