Today’s Rating: Is It Finally Time To Buy? HSBC Securities Upgrades MGM China (OTC:MCHVF)

November 28, 2016 - By Michael Collier

Today's Rating:  Is It Finally Time To Buy? HSBC Securities Upgrades MGM China (OTC:MCHVF)

MGM China (OTC:MCHVF) Upgrade

MGM China (OTC:MCHVF)‘s stock was upped to “Buy” by equity analysts at HSBC Securities. MCHVF’s “Hold” rating is no longer valid.

MGM China Holdings Ltd. (OTCMKTS:MCHVF) Ratings Coverage

Out of 2 analysts covering MGM China (OTC:MCHVF), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. MGM China has been the topic of 2 analyst reports since September 23, 2016 according to StockzIntelligence Inc. The stock of MGM China Holdings Ltd. (OTCMKTS:MCHVF) earned “Overweight” rating by JP Morgan on Tuesday, November 8. Credit Suisse downgraded MGM China Holdings Ltd. (OTCMKTS:MCHVF) on Friday, September 23 to “Neutral” rating.

About 1,100 shares traded hands. MGM China Holdings Ltd. (OTC:MCHVF) has risen 48.97% since April 25, 2016 and is uptrending. It has outperformed by 42.95% the S&P500.

More important recent MGM China Holdings Ltd. (OTCMKTS:MCHVF) news were published by: Prnewswire.com which released: “MGM Resorts International To Increase Its Stake In MGM China Holdings Limited” on August 16, 2016, also Prnewswire.com published article titled: “MGM Resorts International Closes Acquisition Of Additional Stake In MGM China …”, Bloomberg.com published: “MGM China May Delay Cotai Casino Opening Past First Quarter” on May 06, 2016. More interesting news about MGM China Holdings Ltd. (OTCMKTS:MCHVF) was released by: Bloomberg.com and their article: “Dividends in Danger as MGM China, Rivals Yield to Macau Slump” with publication date: May 05, 2015.

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