Citigroup Downgrades Wynn Macau (OTCMKTS:WYNMF) to Hold

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

Wynn Macau Stock Down 6.9 %

OTCMKTS:WYNMF opened at $0.66 on Monday. Wynn Macau has a 52 week low of $0.60 and a 52 week high of $1.05. The firm’s 50-day simple moving average is $0.70 and its 200 day simple moving average is $0.72.

About Wynn Macau

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.