Morgan Stanley Upgrades Choice Hotels International Inc to Equal-weight

Brokerage firm Morgan Stanley Upgrades its rating on Choice Hotels International Inc(NYSE:CHH). The shares have been rated Equal-weight. Previously, the analysts had a Underweight rating on the shares. The rating by Morgan Stanley was issued on Sep 26, 2016.

In a different note, Wolfe Research said it Initiates Coverage on Choice Hotels International Inc, according to a research note issued on Jul 6, 2016. The shares have been rated ‘Peer Perform’ by the firm.

Choice Hotels International Inc (CHH) made into the market gainers list on Thursdays trading session with the shares advancing 0.17% or 0.08 points. Due to strong positive momentum, the stock ended at $46.68, which is also near the day’s high of $46.92. The stock began the session at $46.76 and the volume stood at 1,93,632 shares. The 52-week high of the shares is $54.66 and the 52 week low is $40.78. The company has a current market capitalization of $2,619 M and it has 5,61,06,071 shares in outstanding.

Choice Hotels International Inc(CHH) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $241.75M. Analysts had an estimated revenue of $244.21M. Earnings per share were $0.71. Analysts had estimated an EPS of $0.67.

Several Insider Transactions has been reported to the SEC. On Sep 7, 2016, Patrick Cimerola (Senior Vice President) sold 13,515 shares at $48.21 per share price.Also, On Aug 15, 2016, Patrick Pacious (President & COO) sold 4,745 shares at $48.73 per share price.On Jun 6, 2016, Simone Wu (Senior Vice President) sold 7,625 shares at $45.92 per share price, according to the Form-4 filing with the securities and exchange commission.

Choice Hotels International Inc. (Choice) is a hotel franchisor. Choice franchises lodging properties under various brand names: Comfort Inn Comfort Suites Quality Clarion Sleep Inn Econo Lodge Rodeway Inn MainStay Suites Suburban Extended Stay Hotel Cambria hotels & suites and Ascend Hotel Collection (collectively the Choice brands). It operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). SkyTouch is a division of the Company that develops and markets cloud-based technology products including inventory management pricing and connectivity to third party channels to hoteliers not under franchise agreements with the Company. The SkyTouch platform also includes a mobile-native interface that offers mobile functionality to the elements of property management and housekeeping.

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