Sands China (OTCMKTS:SCHYY) Downgraded by Zacks Research to “Strong Sell”

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

Separately, Morgan Stanley cut Sands China from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Sands China Trading Down 0.6%

Sands China stock opened at $16.87 on Tuesday. The company has a 50 day moving average price of $18.19 and a 200-day moving average price of $20.98. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 4.44. Sands China has a fifty-two week low of $16.39 and a fifty-two week high of $29.04.

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.