Wynn Macau (OTCMKTS:WYNMF) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Wynn Macau (OTCMKTS:WYNMF) from a buy rating to a hold rating in a research note released on Sunday morning, Zacks.com reports.

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. “

Several other research firms have also weighed in on WYNMF. Macquarie lowered shares of Wynn Macau from an outperform rating to a neutral rating in a research note on Tuesday, May 14th. JPMorgan Chase & Co. upgraded shares of Wynn Macau from a neutral rating to an overweight rating in a research report on Wednesday, June 5th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Wynn Macau has a consensus rating of Hold and an average target price of $2.50.

Shares of WYNMF opened at $2.10 on Friday. The business’s fifty day moving average price is $2.10 and its 200 day moving average price is $2.32. Wynn Macau has a 12-month low of $1.92 and a 12-month 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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