Sands China (OTCMKTS:SCHYY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Sands China (OTCMKTS:SCHYY) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

Separately, Morgan Stanley downgraded Sands China from an “overweight” rating to an “equal weight” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sands China currently has an average rating of “Moderate Buy”.

Sands China Trading Down 1.3%

Shares of SCHYY opened at $17.15 on Monday. The stock’s 50-day moving average is $20.03 and its two-hundred day moving average is $22.38. Sands China has a 12 month low of $17.06 and a 12 month high of $29.04. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.84 and a current ratio of 0.85.

About Sands China

Sands China Ltd is a Macau-based developer and operator of integrated resorts and casino properties. As a subsidiary of Las Vegas Sands Corp., the company focuses on the development, ownership and operation of large-scale destination resorts that combine gaming with hotels, retail, dining, meetings and entertainment. Its portfolio includes well-known integrated resorts on the Macau Peninsula and the Cotai Strip that are designed to serve both leisure tourists and business travelers.

The company’s core activities include casino gaming operations (table games and electronic gaming), hotel management, retail mall operations, food and beverage services, and the provision of convention and exhibition facilities.