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A number of stock research firms have changed their ratings and price targets for Melco Crown Entertainment Ltd (NASDAQ: MPEL) during the last seven days:

  • Melco Crown Entertainment Ltd was downgraded by analysts at ISI Group to a “hold” rating.
  • Melco Crown Entertainment Ltd had its price target lowered by analysts at Telsey Advisory Group from $47.00 to $42.00. They now have a “not rated” rating on the stock.
  • Melco Crown Entertainment Ltd is now covered by analysts at Barclays. They set an “overweight” rating and a $51.43 price target on the stock.
  • Melco Crown Entertainment Ltd was downgraded by analysts at Citigroup Inc. from an “overweight” rating to an “equal weight” rating. They now have a $36.00 price target on the stock, down previously from $43.00.
  • Melco Crown Entertainment Ltd was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating.

Melco Crown Entertainment Ltd (NASDAQ:MPEL) traded up 1.00% on Thursday, hitting $33.28. 1,429,115 shares of the company’s stock traded hands. Melco Crown Entertainment Ltd has a 52-week low of $20.46 and a 52-week high of $45.70. The stock’s 50-day moving average is $33.48 and its 200-day moving average is $38.18. The company has a market cap of $18.318 billion and a price-to-earnings ratio of 22.19.

Melco Crown Entertainment Limited is a holding company. The Company, along with its subsidiaries, is engaged in the gaming and hospitality business.

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