Melco Crown Entertainment Limited Sees Unusually Large Options Volume (MPEL)
Shares of Melco Crown Entertainment Limited (NASDAQ:MPEL) was the recipient of some unusual options trading activity on Thursday. Stock investors bought 19,281 call options on the company, AR Network reports. This is an increase of 261% compared to the typical daily volume of 5,342 call options.
A number of analysts have recently weighed in on MPEL shares. Analysts at UBS AG raised their price target on shares of Melco Crown Entertainment Limited (NASDAQ:MPEL) from $30.00 to $32.70 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Melco Crown Entertainment Limited (NASDAQ:MPEL) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. Finally, analysts at Credit Suisse initiated coverage on shares of Melco Crown Entertainment Limited (NASDAQ:MPEL) in a research note to investors on Wednesday, August 28th. They set a “positive” rating on the stock.
One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $25.75.
Melco Crown Entertainment Limited (NASDAQ:MPEL) traded down 0.07% on Friday, hitting $30.66. The stock had a trading volume of 397,265 shares. Melco Crown Entertainment Limited has a 52 week low of $12.50 and a 52 week high of $31.42. The stock’s 50-day moving average is $26.9 and its 200-day moving average is $23.86. The company has a market cap of $16.859 billion and a price-to-earnings ratio of 37.88.
Melco Crown Entertainment Limited (NASDAQ:MPEL) last released its earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.05. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 38.0% on a year-over-year basis. On average, analysts predict that Melco Crown Entertainment Limited will post $1.14 earnings per share for the current fiscal year.
Melco Crown Entertainment Limited (NASDAQ:MPEL) is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market.
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