City Developments (OTCMKTS:CDEVY – Get Free Report) is expected to post its results before the market opens on Wednesday, February 25th. Analysts expect City Developments to post earnings of $0.2032 per share and revenue of $1.2662 billion for the quarter.
City Developments Trading Down 2.2%
Shares of City Developments stock opened at $7.65 on Monday. The company has a 50-day simple moving average of $6.92 and a two-hundred day simple moving average of $5.93. City Developments has a one year low of $3.24 and a one year high of $7.97.
Analyst Upgrades and Downgrades
Separately, Dbs Bank upgraded shares of City Developments to a “moderate buy” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, City Developments has a consensus rating of “Buy”.
City Developments Company Profile
City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.
The company’s core activities include property development, investment and management.
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