Wynn Macau (OTCMKTS:WYNMF) Downgraded by Citigroup to “Hold”

Wynn Macau (OTCMKTS:WYNMF) was downgraded by stock analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Wynn Macau Trading Down 6.9 %

Shares of Wynn Macau stock opened at $0.66 on Monday. The company has a 50-day simple moving average of $0.70 and a two-hundred day simple moving average of $0.72. Wynn Macau has a one year low of $0.60 and a one year high of $1.05.

Wynn Macau Company Profile

Wynn Macau, Limited engages in the development, ownership, and operation of integrated destination casino resorts in the People’s Republic of China. It operates through two segments, Wynn Palace and Wynn Macau. The company offers tables games, slot machines or similar gaming devices; offers 24-hour gaming, and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; food and beverage outlets; brand-name and retail shopping; recreation and leisure facilities, including a cable car ride through SkyCab, health club, spa, salon, and pool; and a meeting and convention spaces.