HSBC Upgrades MGM China Holdings Ltd. (MCHVF) to Buy
MGM China Holdings Ltd. (OTCMKTS:MCHVF) was upgraded by equities research analysts at HSBC from a “hold” rating to a “buy” rating in a report issued on Monday.
A number of other research analysts also recently commented on MCHVF. JPMorgan Chase & Co. raised shares of MGM China Holdings from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 8th. Deutsche Bank AG raised shares of MGM China Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 9th. Finally, Credit Suisse Group AG downgraded shares of MGM China Holdings from an “outperform” rating to a “neutral” rating in a research note on Friday, September 23rd.
Shares of MGM China Holdings (OTCMKTS:MCHVF) opened at 2.27 on Monday. MGM China Holdings has a 12-month low of $1.04 and a 12-month high of $2.27. The firm has a market cap of $8.63 billion and a PE ratio of 24.67. The firm’s 50-day moving average is $1.82 and its 200-day moving average is $1.56.
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