Zacks Research Upgrades Sands China (OTCMKTS:SCHYY) to Hold

Sands China (OTCMKTS:SCHYY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Morgan Stanley lowered shares of Sands China from an “overweight” rating to an “equal weight” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Sands China Trading Down 1.3%

Shares of OTCMKTS:SCHYY opened at $17.15 on Monday. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a 50 day moving average price of $20.03 and a 200-day moving average price of $22.38. Sands China has a 52-week low of $17.06 and a 52-week high of $29.04.

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.