Economy

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.



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