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JPMorgan Chase & Co. Downgrades Melco International Development (OTCMKTS:MDEVF) to Neutral

JPMorgan Chase & Co. cut shares of Melco International Development (OTCMKTS:MDEVF – Free Report) from an overweight rating to a neutral rating in a research note published on Tuesday morning, FlyOnTheWall reports.

Melco International Development Stock Performance

MDEVF opened at $0.92 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 2.00 and a debt-to-equity ratio of 5.41. Melco International Development has a 52 week low of $0.50 and a 52 week high of $1.42. The business’s 50 day moving average is $0.97 and its two-hundred day moving average is $1.06.

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, and Japan. 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.

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