City Developments Limited (NASDAQ:CDEVY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Shares of City Developments Limited (CDEVY) opened at 7.73 on Friday. The company has a market cap of $7.03 billion and a PE ratio of 16.14. The company has a 50 day moving average price of $7.61 and a 200 day moving average price of $6.86. City Developments Limited has a 52 week low of $5.47 and a 52 week high of $7.88.

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About City Developments Limited

City Developments Limited is a real estate operating company with its presence spanning approximately 100 locations in over 30 countries. The principal activities of the Company are those of a property developer and owner, and investment holding. The principal activities of the subsidiaries are those of property developers and owners, hotel owners and operators, a club operator and owner, investment in properties and in shares, property management, project management and provision of consultancy services, hospitality-related information technology, procurement services and provision of laundry services.

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