Economy

Melco Resorts & Entertainment (MPEL) Earning Somewhat Positive Media Coverage, Study Finds

Melco Resorts & Entertainment (MPEL) Earning Somewhat Positive Media Coverage, Study Finds”

Melco Crown Entertainment Limited (NASDAQ:MLCO) was upgraded by Instinet from a "neutral" rating to a "buy" rating in a note issued to investors on Tuesday. Boston Private Wealth LLC acquired a new stake in shares of Melco Resorts & Entertainment in the second quarter valued at approximately $261,000. Melco Resorts \u0026 Entertainment Limited - American Depositary Shares had 3 analyst reports since August 18, 2017 according to SRatingsIntel. Finally, Zacks Investment Research cut Melco Resorts & Entertainment from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 5th.

Melco Resorts & Entertainment Limited (:MLCO) stock has seen a rise as of late. Sanford C. Bernstein reiterated an "outperform" rating on shares of Melco Resorts & Entertainment in a research note on Thursday, January 19th. UBS AG restated a "buy" rating on shares of Melco Crown Entertainment Limited in a report on Monday, July 10th. Four financial stock experts recommended the company shares with a hold recommendation and thirteen have issued a buy recommendation to the share. The company presently has a consensus rating of "Buy" and a consensus price target of $19.02.

Shares of Melco Resorts & Entertainment (NASDAQ:MLCO) traded down 0.67% on Tuesday, hitting $22.30. The last stock close price is up 14.13% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. For the past month, Melco Resorts & Entertainment Limited's stock has been 15.21%, 2.28% for the last quarter, 28.89% for the past six months and 66.73% for the past 52 weeks. Company has a valuation of $11.63 B, a price to earnings ratio of 46.09 along with a stock beta of 1.86.

Earnings Per Share (EPS), the portion of a company's profit distributed to each outstanding common share, is a useful indicator of a company's profitability. A raise from Melco Crown Entertainment Limited's prior None dividend of $0.02. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.25 billion. Melco Crown Entertainment Limited's revenue for the quarter was up 21.3% on a year-over-year basis.

WARNING: This story was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright and trademark laws. This is a positive change from Melco Crown Entertainment Limited's previous None dividend of $0.02. The ex-dividend date was Friday the 4th of August 2017. Melco Crown Entertainment Limited's payout ratio is presently 57.69%.

News coverage about Melco Crown Entertainment Limited (NASDAQ:MLCO) has trended somewhat positive recently, Accern reports. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia.



Like this

Latest


21 September 2017
NotPetya cyber attack on TNT Express cost FedEx $300m
FedEx lowered its 2018 adjusted full-year earnings per share forecast to a range of US$11.05 to US$11.85. FedEx and rival UPS usually unveil price increases for the coming year around this time.

20 September 2017
Stock Ballooning Up Pre-Bell: Staffing 360 Solutions, Inc. (:STAF)
At the end of June reporting period, 6 institutional holders increased their position in Staffing 360 Solutions , Inc. The stock stands almost $0.09 off versus the 52-week high of $1.77 and $0.6 above the 52-week low of $1.08.

20 September 2017
Foot Locker, Inc. (FL) Lowered to Hold at ValuEngine
State of Tennessee Treasury Department owned about 0.07% of Foot Locker worth $4,696,000 at the end of the most recent quarter. A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business.

20 September 2017
No holiday hiring for Wal-Mart
The Company's divisions include design and consulting services, construction services (CS) and management services (MS). Wells Fargo & Company reiterated a "hold" rating on shares of Wal-Mart Stores in a research note on Sunday, June 4th.

20 September 2017
Airbnb Adds Restaurant Reservations Thanks to Partner Resy
The company, founded in 2008, is now the world's fourth most valuable startup, and claims to have 4 million global listings . Users can search within Airbnb for restaurants by cuisine, time of day, type of meal, and location.

20 September 2017
Oppenheimer Holdings, Inc. Reaffirms "Buy" Rating for United Parcel Service, Inc. (UPS)
Johnson Invest Counsel stated it has 3,768 shares or 0.01% of all its holdings. 32 funds opened positions while 78 raised stakes. Mariner Wealth Advsrs Limited Liability Company holds 203,680 shares or 1.08% of its portfolio. 74,633 are held by Grimes And.

20 September 2017
Buckeye Partners, LP (BPL) Closed its Previous Trade at $56.33
Zacks Investment Research cut Buckeye Partners L.P. from a "hold" rating to a "sell" rating in a report on Tuesday, July 11th. Following the purchase, the director now directly owns 9,000 shares of the company's stock, valued at approximately $523,710.

20 September 2017
Summit Global Investments Trims Stake in CH Robinson Worldwide,
On July 20 Bank of America maintained a company rating of "Underperform" but moved down the price target to $60.00 from $66.00. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.63 billion.

20 September 2017
Kevin Durant Apologizes for Twitter Faux Pas-But He'd Do It Again
Durant said while he would continue to interact with fans, he expected to scale back his social media activity. That was idiotic, all those types of words.

20 September 2017
Authorities release 911 call from Georgia Tech student shot, killed by police
Monden faces a felony charge of interference with government property and a misdemeanor charge of inciting a riot. Georgia Tech had identified the third person arrested as Cassandra Monden .



Recommended