Trade Report: Today: MGM China Holdings Ltd. (MCHVF) Upgraded to Buy at HSBC

Today: MGM China Holdings Ltd. (MCHVF) Upgraded to Buy at HSBC

MGM China Holdings Ltd. (OTC:MCHVF) was upgraded by analysts at HSBC from a “hold” rating to a “buy” rating in a research report issued on Monday, StockTargetPrices.com reports.

Shares of MGM China Holdings (OTC:MCHVF) traded up 5.09% during mid-day trading on Monday, hitting $2.27. The company had a trading volume of 1,100 shares. MGM China Holdings has a 52-week low of $1.04 and a 52-week high of $2.27. The firm has a 50-day moving average price of $1.81 and a 200 day moving average price of $1.55. The firm has a market capitalization of $8.63 billion and a price-to-earnings ratio of 24.67.

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