Published On: Wed, Oct 19th, 2016

Latest Analyst Reports On Melco Crown Entertainment Limited


Recently stock market analysts have updated their consensus ratings on shares of Melco Crown Entertainment Limited (NASDAQ:MPEL).

Most recent broker ratings

10/07/2016 – Melco Crown Entertainment Limited had its “neutral” rating reiterated by analysts at Wells Fargo.

10/05/2016 – Melco Crown Entertainment Limited had its “neutral” rating reiterated by analysts at Goldman Sachs.

09/09/2016 – Melco Crown Entertainment Limited was upgraded to “buy” by analysts at Deutsche Bank. They now have a USD 17 price target on the stock.

09/08/2016 – Macquarie began new coverage on Melco Crown Entertainment Limited giving the company a “outperform” rating.

08/25/2016 – Melco Crown Entertainment Limited had its “sell” rating reiterated by analysts at BNP Paribas.

08/11/2016 – Buckingham Research began new coverage on Melco Crown Entertainment Limited giving the company a “neutral” rating. They now have a USD 15.5 price target on the stock.

06/07/2016 – Melco Crown Entertainment Limited had its “outperform” rating reiterated by analysts at Sanford C. Bernstein.

06/02/2016 – Melco Crown Entertainment Limited was downgraded to “equal-weight” by analysts at Morgan Stanley. They now have a USD 15.5 price target on the stock.

05/18/2016 – Melco Crown Entertainment Limited had its “neutral” rating reiterated by analysts at Credit Suisse.

05/02/2016 – Melco Crown Entertainment Limited had its “neutral” rating reiterated by analysts at JP Morgan.

04/20/2016 – Melco Crown Entertainment Limited was downgraded to “hold” by analysts at HSBC.

04/18/2016 – Melco Crown Entertainment Limited had its “buy” rating reiterated by analysts at Sterne Agee. They now have a USD 20 price target on the stock.

02/17/2016 – Melco Crown Entertainment Limited had its “neutral” rating reiterated by analysts at Bank of America Merrill Lynch. They now have a USD 21.4 price target on the stock.

12/30/2015 – Melco Crown Entertainment Limited had its “buy” rating reiterated by analysts at Gabelli. They now have a USD 21 price target on the stock.

08/10/2015 – Melco Crown Entertainment Limited had its “buy” rating reiterated by analysts at Brean Capital. They now have a USD 26 price target on the stock.

Melco Crown Entertainment Limited has a 50 day moving average of 15.61 and a 200 day moving average of 14.52. The stock’s market capitalization is 8.04B, it has a 52-week low of 11.91 and a 52-week high of 20.23.

The share price of the company (NASDAQ:MPEL) was up +0.13%, with a high of 16.30 during the day and the volume of Melco Crown Entertainment Limited shares traded was 2620883.

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. The Company 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. The Company’s segments include City of Dreams, Altira Macau, Studio City, Mocha Clubs, City of Dreams Manila, and Corporate and Others. It has over three casino based operations in Macau, namely, City of Dreams, Altira Macau and Studio City, and non-casino based operations in Macau at its Mocha Clubs. The Company also has a casino based operation in the Philippines, City of Dreams Manila. It is developing the fifth hotel tower at City of Dreams in Cotai, Macau. Its other operations also include Taipa Square Casino, a casino on Taipa Island, Macau operating within Hotel Taipa Square.