Galaxy Entertainment Group (GXYEF) Rating Increased to Overweight at JPMorgan Chase & Co.
Galaxy Entertainment Group (OTCMKTS:GXYEF) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Wednesday, The Fly reports.
A number of other research analysts have also recently commented on the company. Jefferies Financial Group started coverage on Galaxy Entertainment Group in a report on Monday, April 8th. They issued a “hold” rating on the stock. Macquarie started coverage on Galaxy Entertainment Group in a research note on Monday, April 8th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy”.
OTCMKTS GXYEF traded up $0.04 during trading hours on Wednesday, reaching $5.95. The company’s stock had a trading volume of 1,808 shares, compared to its average volume of 24,113. Galaxy Entertainment Group has a 1 year low of $5.00 and a 1 year high of $8.74.
Galaxy Entertainment Group Limited, an investment holding company, engages gaming and entertainment, and construction materials businesses in Macau, Hong Kong, and Mainland China. The company operates casino games of chance or games of other forms; and provides hospitality and related services. It owns and operates Galaxy Macau, an integrated resort; Broadway Macau, a landmark entertainment and food street destination situated; and StarWorld Macau, a 5-star hotel located in the Macau Peninsula, as well as City Club casinos.
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