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

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

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

Sands China Trading Down 0.6%

Shares of OTCMKTS:SCHYY opened at $16.87 on Tuesday. Sands China has a 12 month low of $16.39 and a 12 month high of $29.04. The stock’s 50 day moving average price is $18.19 and its 200 day moving average price is $20.98. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.85 and a quick ratio of 0.84.

Sands China Company Profile

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.