Sands China (OTCMKTS:SCHYY) Rating Lowered to Strong Sell at Zacks Research

Sands China (OTCMKTS:SCHYY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Morgan Stanley downgraded shares of Sands China from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Sands China Trading Down 0.6%

Sands China stock opened at $16.87 on Tuesday. Sands China has a 12-month low of $16.39 and a 12-month high of $29.04. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a 50-day moving average price of $18.19 and a 200-day moving average price of $20.98.

Sands China Company Profile

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.