Sands China (OTCMKTS:SCHYY) Shares Gap Up – What’s Next?

Shares of Sands China Ltd. (OTCMKTS:SCHYY) gapped up prior to trading on Friday. The stock had previously closed at $14.07, but opened at $14.77. Sands China shares last traded at $14.7510, with a volume of 24,133 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SCHYY shares. Morgan Stanley lowered shares of Sands China from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Zacks Research upgraded shares of Sands China from a “strong sell” rating to a “hold” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Sands China has a consensus rating of “Moderate Buy”.

Sands China Stock Up 4.2%

The company’s 50 day moving average price is $17.05 and its two-hundred day moving average price is $18.61.

About Sands China

Sands China Ltd. is an integrated resort developer and operator based in Macau. The company is a subsidiary of Las Vegas Sands Corp. and focuses on providing a broad range of leisure, entertainment and business services, with gaming as one component of its resort offerings.

Its portfolio includes The Venetian Macao, The Parisian Macao, The Londoner Macao, The Plaza Macao and Four Seasons Hotel Macao, as well as Sands Macao. These properties offer casino gaming, hotel accommodations, convention and exhibition facilities, retail shopping, restaurants, entertainment venues and other tourism-related services.

Sands China has played a major role in the development of Macau’s Cotai district, where several of its large-scale integrated resorts are located.