MGM China Holdings Ltd. (OTC:MCHVF) was upgraded by HSBC from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

MGM China Holdings (OTC:MCHVF) traded up 5.09% on Monday, reaching $2.27. 1,100 shares of the company’s stock were exchanged. MGM China Holdings has a 12-month low of $1.04 and a 12-month high of $2.27. The firm has a 50 day moving average of $1.81 and a 200-day moving average of $1.55. The company has a market cap of $8.63 billion and a P/E ratio of 24.67.

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