MGM Resorts (NYSE:MGM) has been upgraded from Hold to Buy in a statement by Argus today.
- Updated: October 5, 2016
Having a price of $26.64, MGM Resorts (NYSE:MGM) traded 2.10% higher on the day. With the last stock price up 14.46% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. MGM has recorded a 50-day average of $24.91 and a two hundred day average of $23.40. Trade Volume was down over the average, with 3,126,236 shares of MGM changing hands under the typical 5,194,750
Argus has upgraded MGM Resorts (NYSE:MGM) from Hold to Buy in a report released on 10/6/2016.
On Wednesday October 05, 2016, Nomura released a statement about MGM Resorts (NYSE:MGM) upped the target price from $28.00 to $32.00 that suggested an upside of 0.22%.
Recent Performance Chart
MGM Resorts has with a one year low of $16.18 and a one year high of $26.80 and has a market capitalization of $0.
A total of 15 brokerages have released a report on MGM Resorts. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $28.60.
General Company Details For MGM Resorts (NYSE:MGM)
MGM Resorts International is a holding company. The Company owns and operates casino resorts. It operates in two segments: wholly owned domestic resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It has additional business activities, including its investments in unconsolidated affiliates, and other corporate and management operations. Its wholly owned domestic resorts consisted of casino resorts in Las Vegas, Nevada, which includes Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, Monte Carlo and Circus Circus Las Vegas. It also operates other casinos, which includes MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi, and Gold Strike Tunica in Tunica, Mississippi. MGM China's operations consist of the MGM Macau resort and casino and the development of an integrated casino, hotel, and entertainment resort on the Cotai Strip in Macau.
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