Melco Crown | Q4 revenue up 13 percent

Share

The firm set a "buy" rating on the stock. Those same analysts are projecting that the stock will reach $20.04 on a short term basis. BNP Paribas restated a "sell" rating on shares of Melco Crown Entertainment in a report on Sunday, August 28th. They set an "outperform" rating on the stock. Wells Fargo & Company reaffirmed a "neutral" rating and issued a $17.00 price objective (up previously from $13.00) on shares of Melco Crown Entertainment Limited in a research note on Monday, November 7th. Melco Crown Entertainment Limited now has an average rating of Buy and a consensus price target of $17.53.

10/05/2016 - Melco Crown Entertainment Limited had its "neutral" rating reiterated by analysts at Goldman Sachs. The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 4.00. The stock's market capitalization is 8.63B, it has a 52-week low of 11.91 and a 52-week high of 20.00. Further back, their 200-Day Simple Moving Average is 25.40% difference from today's price.

Casino operators MGM Resorts International (MGM) and Melco Crown Entertainment (MPEL) both reported mixed fourth-quarter results Thursday but their stocks moved in opposite directions.

Based on several research reports, Melco Crown Entertainment Ltd (ADR) was Upgraded by Morgan Stanley to " Overweight" on Feb 13, 2017.

Valery Gerasimov meets with Azerbaijan's Defense leadership
A Pentagon statement earlier Wednesday said that discussions in Baku would center on "the current state of U.S". Dunford said previous year he was eager to meet with Gerasimov.

Melco, which operates casinos in Macau and elsewhere in Asia, said it earned 12 cents per share, up from a net loss of 2 cents per share a year earlier, according to Thomson Reuters. Net revenue at domestic resorts climbed 17% to $1.8 billion.

Estimates: Earnings per share of 21 cents, rebounding from a year-ago loss of 6 cents a share, with revenue up 12% to $2.46 billion.

The results showed that net revenue during the fourth quarter of last year grew about 13 percent year-on-year from USD1,058 million to nearly USD1,193.

Melco Crown Entertainment Limited (NASDAQ:MPEL) has been given a consensus recommendation of "Buy" by the twenty analysts that are covering the company.

Trump's pick for ambassador to Israel faces hecklers and tough questions
Five former US ambassadors to Israel signed an open letter condemning his nomination, warning of his "extreme positions". The Senate Foreign Relations Committee is scheduled to hold hearings on Friedman's nomination on Thursday.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, January 23rd were given a dividend of $1.3212 per share. This is a positive change from Melco Crown Entertainment Limited's previous quarterly dividend of $0.01. The ex-dividend date was Thursday, November 10th. This represents a yield of 0.84%.

Melco Crown Entertainment Limited (NASDAQ:MPEL) Price to Earnings (P/E) ratio is 74.68.

09/08/2016 - Macquarie began new coverage on Melco Crown Entertainment Limited giving the company a "outperform" rating. If you are reading this news story on another domain, it was stolen and reposted in violation of U.S. & worldwide copyright and trademark laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/02/16/melco-crown-entertainment-limited-mpel-downgraded-by-vetr-inc.html.

A number of hedge funds have recently modified their holdings of the stock. Coronation Fund Managers Ltd. increased its stake in shares of Melco Crown Entertainment Limited by 27.2% in the third quarter. Harris Associates L P raised its stake in shares of Melco Crown Entertainment by 25.9% in the second quarter.

Some Local Restaurants Closed For National 'Day Without Immigrants'
Some of the employees are from Mexico, some were born in the US and owner Anthony Park is the son of immigrants himself. If students do not come to school, their absence will be unexcused unless a parent calls in to excuse them.

Share