The Goldman Sachs Group Upgrades Wynn Macau (OTCMKTS:WYNMY) to Strong-Buy

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 released on Tuesday,Zacks.com reports.

Separately, CLSA cut Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Wynn Macau Trading Up 3.3%

Shares of Wynn Macau stock opened at $6.72 on Tuesday. The company has a 50 day moving average of $6.94 and a 200 day moving average of $7.20. Wynn Macau has a 52-week low of $6.26 and a 52-week high of $9.80.

About Wynn Macau

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.