Meliá Hotels International, SA (OTCMKTS:SMIZF) Receives Consensus “Buy” Rating from Analysts

Shares of Meliá Hotels International, SA (OTCMKTS:SMIZF – Get a rating) earned an average “Buy” recommendation from the seven research companies that currently cover the business, Market Beat Ratings reports. One research analyst rated the stock with a sell recommendation, one assigned a hold recommendation and five gave the company a buy recommendation. The average 1-year target price among analysts who updated their coverage of the stock in the past year is $8.50.

Separately, Deutsche Bank Aktiengesellschaft raised its price target on Meliá Hotels International shares from €8.40 ($8.84) to €8.50 ($8.95) and assigned the company a rating. “purchase” in a research note from Wednesday, February 23.

Shares of OTCMKTS SMIZF traded down $0.02 during midday trading on Tuesday, hitting $8.37. The stock had a trading volume of 500 shares, compared to an average volume of 1,110 shares. The company’s 50-day moving average price is $7.34 and its 200-day moving average price is $7.27. Meliá Hotels International has a 12-month minimum of $5.98 and a 12-month maximum of $9.02.

Company Profile Meliá Hotels International (Get a rating)

Meliá Hotels International, SA owns, manages, operates, rents and franchises hotels worldwide. The company operates approximately 380 hotels under the Gran Meliá Hotels & Resorts, Paradisus by Meliá, ME by Meliá, Meliá Hotels & Resorts, INNSIDE by Meliá, Sol by Meliá, TRYP by Wyndham and Circle by Melia brands, as well as Meliá PRO, a platform for B2B customers.

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