Sands China (OTCMKTS:SCHYY) Sets New 1-Year Low – What’s Next?

Shares of Sands China Ltd. (OTCMKTS:SCHYY) hit a new 52-week low on Wednesday. The company traded as low as $14.34 and last traded at $14.34, with a volume of 1560 shares. The stock had previously closed at $14.88.

Analysts Set New Price Targets

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

Sands China Price Performance

The stock has a 50 day moving average of $17.25 and a 200 day moving average of $18.71.

Sands China Company Profile

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.