Trading Report: Today: MGM China Holdings Ltd. (MCHVF) Rating Increased to Buy at HSBC

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

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

Several other equities analysts have also recently weighed in on the stock. Credit Suisse Group AG cut shares of MGM China Holdings from an “outperform” rating to a “neutral” rating in a research report on Friday, September 23rd. Deutsche Bank AG raised shares of MGM China Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 9th. Finally, JPMorgan Chase & Co. raised shares of MGM China Holdings from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 8th.

MGM China Holdings (OTCMKTS:MCHVF) opened at 2.16 on Monday. MGM China Holdings has a 12 month low of $1.04 and a 12 month high of $2.20. The firm’s 50-day moving average price is $1.81 and its 200-day moving average price is $1.55. The firm has a market cap of $8.21 billion and a P/E ratio of 23.48.

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