Wynn Macau (OTCMKTS:WYNMF) Lowered to “Hold” Rating by Citigroup

Citigroup downgraded shares of Wynn Macau (OTCMKTS:WYNMF) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Wynn Macau Stock Down 6.9 %

OTCMKTS:WYNMF opened at $0.66 on Monday. The business’s 50-day moving average price is $0.70 and its 200 day moving average price is $0.72. Wynn Macau has a 52-week low of $0.60 and a 52-week high of $1.05.

About Wynn Macau

Wynn Macau, Limited engages in the development, ownership, and operation of integrated destination casino resorts in the People’s Republic of China. It operates through two segments, Wynn Palace and Wynn Macau. The company offers tables games, slot machines or similar gaming devices; offers 24-hour gaming, and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; food and beverage outlets; brand-name and retail shopping; recreation and leisure facilities, including a cable car ride through SkyCab, health club, spa, salon, and pool; and a meeting and convention spaces.