City Developments (OTCMKTS:CDEVY – Get Free Report) will likely be announcing its results before the market opens on Wednesday, February 25th. Analysts expect the company to announce earnings of $0.2032 per share and revenue of $1.2662 billion for the quarter.
City Developments Stock Down 2.2%
Shares of City Developments stock opened at $7.65 on Tuesday. The stock’s fifty day moving average is $6.96 and its two-hundred day moving average is $5.95. City Developments has a 52 week low of $3.24 and a 52 week high of $7.97.
Analyst Ratings Changes
Separately, Dbs Bank upgraded shares of City Developments to a “moderate buy” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.
About City Developments
City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.
The company’s core activities include property development, investment and management.
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