Wynn Macau (OTCMKTS:WYNMY) Upgraded at The Goldman Sachs Group

Wynn Macau (OTCMKTS:WYNMY) was upgraded by investment analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Separately, CLSA downgraded shares of Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Wynn Macau presently has a consensus rating of “Strong Buy”.

Wynn Macau Price Performance

Wynn Macau stock opened at $6.72 on Tuesday. The company’s 50 day simple moving average is $6.94 and its 200-day simple moving average is $7.20. Wynn Macau has a 1 year low of $6.26 and a 1 year high of $9.80.

Wynn Macau Company Profile

Wynn Macau Limited, trading as an American depositary receipt on the OTC Markets under the symbol WYNMY, is an operator of luxury integrated resorts in the Macau Special Administrative Region of the People’s Republic of China. As a subsidiary of Wynn Resorts, the company develops, owns and operates two world-class properties—Wynn Macau on the Macau Peninsula and Wynn Palace on Cotai—each offering a blend of gaming, hospitality and entertainment amenities.

The core of Wynn Macau’s business is gaming, with a focus on high-end table games and electronic gaming machines that cater to premium mass and VIP clientele.