Zacks Investment Research downgraded Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) to Sell in a report released today.
- Updated: October 8, 2016
Yesterday Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) traded 0.79% higher at $16.46. MPEL’s 50-day average is $15.03 and its two hundred day average is $14.57. The last close is up 14.31% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Volume of trade was up over the average, with 7,729,071 shares of MPEL changing hands over the typical 3,203,980
Zacks Investment Research has downgraded Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) to Sell in a report released on 10/06/2016.
Previously on 09/09/2016, Deutsche Bank AG reported on Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) increased the target price from $14.00 to $17.00. At the time, this indicated a possible upside of 0.12%.
With a total market value of $0, Melco Crown Entertainment Ltd (ADR) has price-earnings ratio of 96.80 with a one year low of $11.91 and a one year high of $20.23 .
A total of 21 analysts have released a report on Melco Crown Entertainment Ltd (ADR). Three analysts rating the company a strong buy, six analysts rating the company a buy, twelve analysts rating the company a hold, three analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $17.85.
More About Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL)
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.
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