Entain (OTCMKTS:GMVHY) Stock Price Up 3.9% – Still a Buy?

Entain Plc (OTCMKTS:GMVHY) traded up 3.9% on Wednesday. The stock traded as high as $5.84 and last traded at $5.84. 5,911 shares were traded during trading, a decline of 91% from the average session volume of 68,162 shares. The stock had previously closed at $5.62.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Kepler Capital Markets raised shares of Entain from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 1st. Zacks Research raised shares of Entain to a “hold” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Entain Stock Down 2.1%

The business has a 50 day simple moving average of $6.60 and a 200-day simple moving average of $7.14.

About Entain

Entain plc is an international sports-betting and gaming company operating primarily through online platforms and retail betting locations. The company offers sports wagering, casino games, poker, bingo and other interactive gaming products through a portfolio of consumer brands.

Its brands have included bwin, Coral, Ladbrokes, PartyPoker and Sportingbet. Entain also operates BetMGM, a sports-betting and iGaming business formed through a joint venture with MGM Resorts International. The company serves customers across multiple regulated markets, including the United Kingdom, Europe, Australia and selected markets in the Americas.

Entain was formerly known as GVC Holdings and adopted the Entain name in 2020 as part of a broader repositioning of the business.