Meliá Hotels International (OTCMKTS:SMIZF) was upgraded by equities researchers at Bryan, Garnier & Co from a “sell” rating to a “buy” rating in a note issued to investors on Thursday, The Fly reports.
Several other research firms have also weighed in on SMIZF. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Meliá Hotels International in a research note on Thursday, July 15th. Societe Generale restated a “buy” rating on shares of Meliá Hotels International in a research note on Tuesday, September 28th. Finally, Berenberg Bank restated a “hold” rating on shares of Meliá Hotels International in a research note on Monday, July 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.
Meliá Hotels International stock remained flat at $$7.18 during trading hours on Thursday. The business’s fifty day simple moving average is $6.93 and its 200 day simple moving average is $7.54. Meliá Hotels International has a one year low of $3.28 and a one year high of $9.02.
Meliá Hotels International SA engages in the operation and management of hotels. It operates through the following segments: Hotel Management, Hotel Business, Real Estate, Vacation Club, Corporate, and Others. The Hotel Management segment operates hotels under management and franchise agreements. The Hotel Business segment operates hotel units owned or leased by the group.
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