Shares of Melco Crown Entertainment Limited (NASDAQ:MLCO) have been given an average rating of “Buy” by the nineteen ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $21.72.

A number of analysts recently commented on the company. UBS AG upgraded Melco Crown Entertainment Limited from a “hold” rating to a “buy” rating in a report on Monday, April 24th. TheStreet lowered Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a report on Thursday, July 27th. Instinet reiterated a “neutral” rating on shares of Melco Crown Entertainment Limited in a report on Monday, July 17th. Credit Suisse Group set a $23.00 price target on Melco Crown Entertainment Limited and gave the stock a “buy” rating in a report on Thursday, May 4th. Finally, Nomura reiterated a “hold” rating and set a $19.00 price target on shares of Melco Crown Entertainment Limited in a report on Sunday, May 7th.

Melco Crown Entertainment Limited (NASDAQ:MLCO) traded up 0.52% during trading on Tuesday, hitting $21.12. 1,478,693 shares of the stock traded hands. The firm’s 50-day moving average is $21.32 and its 200 day moving average is $20.16. Melco Crown Entertainment Limited has a 52 week low of $12.86 and a 52 week high of $23.94. The stock has a market cap of $10.33 billion, a P/E ratio of 40.93 and a beta of 1.91.

Melco Crown Entertainment Limited (NASDAQ:MLCO) last announced its earnings results on Thursday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Melco Crown Entertainment Limited had a net margin of 5.11% and a return on equity of 9.20%. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. Equities research analysts forecast that Melco Crown Entertainment Limited will post $0.80 earnings per share for the current fiscal year.

The business also recently disclosed a None dividend, which will be paid on Wednesday, August 23rd. Investors of record on Tuesday, August 8th will be paid a dividend of $0.089 per share. This is a positive change from Melco Crown Entertainment Limited’s previous None dividend of $0.02. The ex-dividend date is Friday, August 4th. Melco Crown Entertainment Limited’s payout ratio is presently 61.54%.

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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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