Melco Crown Entertainment Limited (MLCO) Receives Average Recommendation of “Buy” from Brokerages

Melco Crown Entertainment Limited (NASDAQ:MLCO) has been given a consensus recommendation of “Buy” by the eighteen analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $23.53.

Several equities analysts have recently weighed in on MLCO shares. Macquarie reduced their price target on Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating for the company in a report on Friday, August 18th. UBS AG reiterated a “buy” rating on shares of Melco Crown Entertainment Limited in a research note on Monday, July 10th. Zacks Investment Research cut shares of Melco Crown Entertainment Limited from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of Melco Crown Entertainment Limited in a research report on Wednesday, July 12th. Finally, TheStreet downgraded shares of Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th.

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Melco Crown Entertainment Limited (NASDAQ MLCO) traded up 0.04% on Wednesday, reaching $24.21. 238,869 shares of the company traded hands. The stock’s 50 day moving average price is $21.09 and its 200 day moving average price is $20.79. The company has a market capitalization of $11.93 billion, a PE ratio of 69.97 and a beta of 1.84. Melco Crown Entertainment Limited has a one year low of $14.89 and a one year high of $24.51.

Melco Crown Entertainment Limited (NASDAQ:MLCO) last released its earnings results on Thursday, July 27th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.04). Melco Crown Entertainment Limited had a return on equity of 9.20% and a net margin of 5.11%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.25 billion. Melco Crown Entertainment Limited’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, equities research analysts predict that Melco Crown Entertainment Limited will post $0.84 EPS for the current fiscal year.

Several equities analysts have recently weighed in on MLCO shares. Macquarie reduced their price target on Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating for the company in a report on Friday, August 18th. UBS AG reiterated a “buy” rating on shares of Melco Crown Entertainment Limited in a research note on Monday, July 10th. Zacks Investment Research cut shares of Melco Crown Entertainment Limited from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of Melco Crown Entertainment Limited in a research report on Wednesday, July 12th. Finally, TheStreet downgraded shares of Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th.

ILLEGAL ACTIVITY WARNING: “Melco Crown Entertainment Limited (MLCO) Receives Average Recommendation of “Buy” from Brokerages” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/04/melco-crown-entertainment-limited-mlco-receives-average-recommendation-of-buy-from-brokerages.html.

Melco Crown Entertainment Limited (NASDAQ MLCO) traded up 0.04% on Wednesday, reaching $24.21. 238,869 shares of the company traded hands. The stock’s 50 day moving average price is $21.09 and its 200 day moving average price is $20.79. The company has a market capitalization of $11.93 billion, a PE ratio of 69.97 and a beta of 1.84. Melco Crown Entertainment Limited has a one year low of $14.89 and a one year high of $24.51.

Melco Crown Entertainment Limited (NASDAQ:MLCO) last released its earnings results on Thursday, July 27th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.04). Melco Crown Entertainment Limited had a return on equity of 9.20% and a net margin of 5.11%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.25 billion. Melco Crown Entertainment Limited’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, equities research analysts predict that Melco Crown Entertainment Limited will post $0.84 EPS for the current fiscal year.

About Melco Crown Entertainment Limited

Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines.

Analyst Recommendations for Melco Crown Entertainment Limited (NASDAQ:MLCO)

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