Melco Crown Entertainment Limited (NASDAQ:MLCO) has earned an average rating of “Buy” from the eighteen research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $22.13.

MLCO has been the subject of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Melco Crown Entertainment Limited in a research note on Wednesday, July 12th. UBS AG reaffirmed a “buy” rating on shares of Melco Crown Entertainment Limited in a research note on Monday, July 10th. Aegis raised their price target on shares of Melco Crown Entertainment Limited from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. TheStreet cut shares of Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th. Finally, Instinet reaffirmed a “neutral” rating on shares of Melco Crown Entertainment Limited in a research note on Monday, July 17th.

Shares of Melco Crown Entertainment Limited (NASDAQ MLCO) traded down 0.44% on Friday, reaching $22.84. 2,244,014 shares of the company were exchanged. Melco Crown Entertainment Limited has a 12 month low of $14.89 and a 12 month high of $23.94. The stock has a 50 day moving average price of $21.11 and a 200-day moving average price of $20.70. The stock has a market capitalization of $11.17 billion, a P/E ratio of 44.26 and a beta of 1.86.

Melco Crown Entertainment Limited (NASDAQ:MLCO) last posted its earnings results on Thursday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.25 billion. Melco Crown Entertainment Limited’s revenue for the quarter was up 21.3% on a year-over-year basis. On average, equities analysts expect that Melco Crown Entertainment Limited will post $0.84 EPS for the current fiscal year.

The company also recently announced a None dividend, which was paid on Wednesday, August 23rd. Investors of record on Tuesday, August 8th were paid a $0.089 dividend. The ex-dividend date of this dividend was Friday, August 4th. This is a boost from Melco Crown Entertainment Limited’s previous None dividend of $0.02. Melco Crown Entertainment Limited’s dividend payout ratio (DPR) is currently 57.69%.

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Melco Crown Entertainment Limited Company Profile

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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