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Citigroup Upgrades Wynn Macau (OTCMKTS:WYNMY) to Strong-Buy

Wynn Macau logo with Consumer Discretionary background

Key Points

  • Citigroup has upgraded Wynn Macau from a "hold" rating to a "strong-buy," indicating increased confidence in the company's stock.
  • Wynn Macau's stock opened at $8.55 on Tuesday, with a 1-year low of $5.83 and a high of $9.80.
  • The company operates integrated destination casino resorts in Macau, with notable features including approximately 468,000 square feet of casino space and a luxury hotel.
  • Five stocks to consider instead of Wynn Macau.

Wynn Macau (OTCMKTS:WYNMY - Get Free Report) was upgraded by equities research analysts at Citigroup from a "hold" rating to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

Wynn Macau Stock Performance

Shares of Wynn Macau stock opened at $8.55 on Tuesday. The company's fifty day simple moving average is $8.67 and its 200-day simple moving average is $7.66. Wynn Macau has a 1 year low of $5.83 and a 1 year high of $9.80.

Wynn Macau Company Profile

(Get Free Report)

Wynn Macau, Limited, through its subsidiaries, engages in the development, ownership, and operation of integrated destination casino resorts in Macau. The company's Wynn Palace resort features approximately 468,000 square feet of casino space providing 24-hour gaming and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; and food and beverage outlets.

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