Entain (OTCMKTS:GMVHF) Trading Up 4.4% – Still a Buy?

Entain Plc (OTCMKTS:GMVHF)’s share price rose 4.4% on Friday . The stock traded as high as $7.61 and last traded at $7.36. 12,573 shares traded hands during trading, a decline of 5% from the average daily volume of 13,221 shares. The stock had previously closed at $7.0480.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GMVHF shares. BNP Paribas Exane started coverage on shares of Entain in a research note on Thursday, May 14th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Entain in a research report on Friday, May 15th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Entain in a research report on Wednesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Entain presently has an average rating of “Moderate Buy”.

Entain Trading Up 4.4%

The firm’s fifty day moving average is $7.53 and its 200-day moving average is $7.97.

Entain Company Profile

Entain PLC, trading in the US over-the-counter as GMVHF, is a global sports-betting and gaming group offering both online and retail wagering services. Through a portfolio of well-known brands—such as Ladbrokes, Coral, bwin, PartyPoker and PartyCasino—the company provides sports betting, casino, poker, bingo and esports products to customers in regulated markets worldwide. Entain’s platforms support multiple channels of distribution, combining digital technology with a network of retail shops in the United Kingdom, Ireland, Spain, Italy and Germany.

Founded in 2004 under the name GVC Holdings, the business expanded rapidly through strategic acquisitions and the development of proprietary technology.