Melco International Development (OTCMKTS:MDEVF) Upgraded to “Overweight” by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Melco International Development (OTCMKTS:MDEVF – Get Rating) from a neutral rating to an overweight rating in a report issued on Wednesday morning, The Fly reports.

Melco International Development Stock Performance

Shares of OTCMKTS MDEVF opened at $1.14 on Wednesday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.97 and a current ratio of 0.98. The stock’s 50 day moving average price is $1.30 and its two-hundred day moving average price is $0.98. Melco International Development has a 52-week low of $0.50 and a 52-week high of $1.42.

About Melco International Development

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