Wynn Macau (OTCMKTS:WYNMY) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Wynn Macau (OTCMKTS:WYNMY) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

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

Wynn Macau Trading Up 3.3%

WYNMY opened at $6.72 on Tuesday. The firm’s 50 day moving average is $6.94 and its 200-day moving average is $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.