Zacks Investment Research Upgrades Wynn Macau (OTCMKTS:WYNMF) to Buy

Wynn Macau (OTCMKTS:WYNMF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Zacks.com reports. The firm currently has a $2.50 price objective on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 17.92% from the stock’s current price.

According to Zacks, “Wynn Macau, Limited owns and operates Wynn Macau, a destination casino gaming and entertainment resort in Macau. It has hotel rooms and suites, a casino, casual and fine dining restaurants, retail space and leisure amenities. Wynn Macau, Limited is headquartered in Macau City, Macau. “

A number of other research firms have also issued reports on WYNMF. Macquarie lowered shares of Wynn Macau from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. raised shares of Wynn Macau from a “neutral” rating to an “overweight” rating in a research report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $2.50.

Shares of OTCMKTS:WYNMF traded up $0.03 during trading on Thursday, reaching $2.12. The stock had a trading volume of 250 shares, compared to its average volume of 13,062. The business has a fifty day moving average price of $2.24 and a 200-day moving average price of $2.36. Wynn Macau has a fifty-two week low of $1.92 and a fifty-two week high of $2.97.

About Wynn Macau

Wynn Macau, Limited develops, owns, and operates the Wynn Macau and Wynn Palace casino resorts in Macau. The company's Wynn Macau resort features approximately 273,000 square feet of casino space offering 24-hour gaming and various games, including private gaming salons, sky casinos, and a poker pit; 2 hotel towers with 1,008 rooms and suites; 8 casual and fine dining restaurants; and recreation and leisure facilities, such as 2 health clubs and spas, a salon, and a pool.

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Analyst Recommendations for Wynn Macau (OTCMKTS:WYNMF)

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