Melco International Development (OTCMKTS:MDEVF) Cut to “Neutral” at Credit Suisse Group

Credit Suisse Group downgraded shares of Melco International Development (OTCMKTS:MDEVF) from an outperform rating to a neutral rating in a report published on Monday, The Fly reports.

Separately, Citigroup upgraded shares of Melco International Development from a sell rating to a neutral rating in a research report on Wednesday, July 8th.

Shares of Melco International Development stock opened at $2.28 on Monday. The firm’s 50 day moving average is $2.17 and its two-hundred day moving average is $1.96. Melco International Development has a 52 week low of $1.45 and a 52 week high of $2.85.

About Melco International Development

Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Hong Kong, the People's Republic of China, Cambodia, the Philippines, and Cyprus. It operates through two segments, Casino and Hospitality, and Others. The company develops, owns, and operates a network of casino gaming and entertainment casino resorts.

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