TMCnet News

How These Services Stocks are Faring? -- International Game Technology, Scientific Games, Six Flags Entertainment, and MakeMyTrip
[February 23, 2017]

How These Services Stocks are Faring? -- International Game Technology, Scientific Games, Six Flags Entertainment, and MakeMyTrip


NEW YORK, February 23, 2017 /PRNewswire/ --

The Services sector, or the Tertiary sector, is the third of the three traditional economic sectors. Activities in the sector include retail, banks, hotels, real estate, education, and health, among many others. Pre-market, Stock-Callers.com draws attention to four stocks within this space: International Game Technology PLC (NYSE: IGT), Scientific Games Corp. (NASDAQ: SGMS), Six Flags Entertainment Corp. (NYSE: SIX), and MakeMyTrip Ltd (NASDAQ: MMYT). Register now and get full and free access to our downloadable research reports on these stocks at:

http://stock-callers.com/registration


International Game Technology
 

London, the UK headquartered International Game Technology PLC's stock finished Wednesday's session 1.28% lower at $26.95 with a total trading volume of 694,561 shares. The Company's shares have advanced 5.60% on an YTD basis. The stock is trading 2.09% above its 50-day moving average and 14.93% above its 200-day moving average. Additionally, shares of International Game Technology, which operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide, have a Relative Strength Index (RSI) of 51.25.

On January 26th, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'.

On February 21st, 2017, International Game Technology announced that it will report Q4 and full year 2016 results on March 09th, 2017. The Company will host a conference call and live webcast to discuss the results on the same day at 8:00 a.m. ET. Access our complete research report on IGT for free at:

http://stock-callers.com/registration/?symbol=IGT


Scientific Games  

On Wednesday, shares in Las Vegas, Nevada headquartered Scientific Games Corp. recorded a trading volume of 944,325 shares, which was above their three months average volume of 939,220 shares. The stock ended the session flat at $20.65. The Company's shares have surged 28.26% in the last one month, 44.41% over the previous three months, and 47.50% since the start of this year. The stock is trading 23.45% above its 50-day moving average and 68.96% above its 200-day moving average. Moreover, shares of Scientific Games, which develops technology-based products and services, and associated content for the gaming, lottery, and interactive gaming industries worldwide, have an RSI of 81.48.

On January 26th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Buy'.

On February 22nd, 2017, Scientific Games announced that it will release results for its Q4 and full year ended December 31, 2016 on March 02nd, 2017 after market close. The Company will host an investor conference call at 4:30 p.m. ET on the same day to discuss these results. The complimentary research report on SGMS can be downloaded at:

http://stock-callers.com/registration/?symbol=SGMS


Six Flags Entertainment  



Shares in Grand Prairie, Texas-based Six Flags Entertainment Corp. closed the day 3.40% lower at $59.08. The stock recorded a trading volume of 1.80 million shares, which was higher than its three months average volume of 666,160 shares. The Company's shares have gained 6.25% in the previous three months. The stock is trading 6.14% above its 200-day moving average. Additionally, shares of Six Flags Entertainment, which owns and operates regional theme and water parks under the Six Flags brand name, have an RSI of 37.81.

On February 22nd, 2017, Six Flags announced that full year 2016 represented its seventh consecutive year of record financial performance as revenue grew $55 million, or 4%, to $1.3 billion. Attendance at Six Flags properties in full year 2016 grew by 1.6 million to 30.1 million, a record high for the current portfolio of parks. The Company's net income for the year decreased by $36 million, or 24%, primarily driven by an increase in non-cash compensation expense associated with the probable achievement of the Company's Project 600 performance award, a long-term growth goal established in 2014. Register for free on Stock-Callers.com and get access to the latest PDF format report on SIX at:


http://stock-callers.com/registration/?symbol=SIX


MakeMyTrip  

At the close of trading on Wednesday, shares in Gurgaon, India-based MakeMyTrip Ltd finished 0.77% higher at $32.80. The stock recorded a trading volume of 316,831 shares. The Company's shares have advanced 5.81% in the last one month, 26.40% over the previous three months, and 47.75% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.43% and 47.72%, respectively. Furthermore, shares of MakeMyTrip, which provides travel products and solutions in India and internationally, have an RSI of 55.09.

On January 31st, 2017, MakeMyTrip announced that it has completed its merger of the ibibo Group. In consideration for the transaction, MakeMyTrip issued 38,971,539 Class B shares to the parent of ibibo Group (which is jointly owned by Naspers and Tencent).

On February 21st, 2017, research firm Nomura downgraded the Company's stock rating from 'Neutral' to 'Reduce'. Download your free research report on MMYT at:

http://stock-callers.com/registration/?symbol=MMYT

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP


CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA


[ Back To TMCnet.com's Homepage ]