Sands China (OTCMKTS:SCHYY) Cut to “Strong Sell” at Zacks Research

Sands China (OTCMKTS:SCHYY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Sands China Trading Down 2.1%

Shares of OTCMKTS SCHYY opened at $13.61 on Tuesday. The business’s 50 day moving average is $15.92 and its 200-day moving average is $19.37. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 4.40. Sands China has a 1-year low of $13.45 and a 1-year high of $28.12.

Sands China Company Profile

Sands China Ltd. is an integrated resort developer and operator based in Macau. The company is a subsidiary of Las Vegas Sands Corp. and focuses on providing gaming, hospitality, entertainment, retail, dining and convention services in the Macau market.

Its portfolio includes The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and the Plaza Macao, which includes Four Seasons Hotel Macao. These properties combine casino gaming with luxury hotels, shopping malls, restaurants, theaters, entertainment venues and meeting and exhibition facilities.

Sands China has played a significant role in the development of Macau’s Cotai area as a major integrated-resort and tourism destination.