MGM China (OTCMKTS:MCHVF – Get Free Report) was upgraded by equities research analysts at Seaport Research Partners from a “neutral” rating to a “buy” rating in a research report issued on Tuesday.
MGM China Stock Performance
MCHVF opened at $1.50 on Tuesday. The company’s 50 day moving average is $1.56 and its 200-day moving average is $1.70. MGM China has a 1-year low of $1.47 and a 1-year high of $1.50.
MGM China Company Profile
MGM China Holdings Limited operates as an integrated resort developer, owner and operator in the Macau Special Administrative Region. A subsidiary of MGM Resorts International, the company develops and manages large-scale casino hotel properties that combine gaming facilities with entertainment, dining, retail and convention amenities. MGM China’s flagship properties include MGM Macau—launched in 2007 on the Macau Peninsula—and the more recent MGM Cotai, which opened in February 2018 on the Cotai Strip, offering expanded gaming floors, signature luxury accommodations and bespoke entertainment venues.
The company’s core business activities center on gaming operations, hotel management and ancillary services such as food and beverage, retail concessions, convention and exhibition space, and live performance and entertainment production.
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