City Developments (CDEVY) Lifted to Hold at ValuEngine

City Developments (OTCMKTS:CDEVY) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Separately, Zacks Investment Research raised City Developments from a “sell” rating to a “hold” rating in a research report on Monday, September 3rd.

Shares of OTCMKTS:CDEVY traded up $0.38 on Thursday, reaching $5.98. The company had a trading volume of 2,299 shares, compared to its average volume of 9,249. City Developments has a twelve month low of $5.55 and a twelve month high of $10.32. The stock has a market capitalization of $5.06 billion, a P/E ratio of 11.73 and a beta of 0.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 1.55.

About City Developments

City Developments Limited (CDL) is a leading global real estate operating company with a network spanning 100 locations in 28 countries. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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