Analysts Set Melco Crown Entertainment Limited (MPEL) PT at $18.25

Zacks Investment Research upgraded shares of Melco Crown Entertainment Limited from a "hold" rating to a "strong-buy" rating and set a $20.00 price objective on the stock in a research report on Tuesday, November 8th. Finally, Credit Suisse Group AG upgraded Melco Crown Entertainment from a "neutral" rating to an "outperform" rating in a report on Monday, November 21st.

Based on the latest brokerage notes which have been released to investors, 7 brokers have issued a rating of "strong buy", 7 brokers "buy", 8 brokers "neutral", 1 brokers "sell" and 0 brokers "strong sell". The stock presently has an average rating of "Hold" and a consensus price target of $16.54. Melco Crown Entertainment has a 12-month low of $11.90 and a 12-month high of $20.00.

Melco Crown Entertainment Limited has a 50 day moving average of 16.79 and a 200 day moving average of 16.30.

Casino operators MGM Resorts International (MGM) and Melco Crown Entertainment (MPEL) both reported mixed fourth-quarter results Thursday but their stocks moved in opposite directions. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.13 by $0.00.

Melco Crown Entertainment Limited was upgraded to "overweight" by analysts at Morgan Stanley. The average 12-month price target among analysts that have issued a report on the stock in the a year ago is $17.65. Delta Lloyd NV acquired a new position in shares of Melco Crown Entertainment Limited during the third quarter valued at about $263,000.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, February 27th will be paid a dividend of $0.03 per share. The Closing price of Melco Crown Entertainment Limited (NASDAQ:MPEL) at Last Earnings was $18.02 as compared to the previous closing price of $17.53. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.68%. Melco Crown Entertainment Ltd (ADR) was Upgraded by CLSA to " Buy" on Jan 9, 2017. FMR LLC acquired a new stake in shares of Melco Crown Entertainment Limited during the fourth quarter valued at about $149,726,000. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and global copyright & trademark laws.

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A number of hedge funds have recently modified their holdings of the stock. Hillhouse Capital Management Ltd. purchased a new stake in shares of Melco Crown Entertainment during the third quarter worth about $125,309,000.

09/09/2016 - Melco Crown Entertainment Limited was upgraded to "buy" by analysts at Deutsche Bank. Coronation Fund Managers Ltd. purchased a new stake in shares of Melco Crown Entertainment during the second quarter worth about $59,043,000.

Equity Research firms now have a positive stance on shares of Mechel PAO (NYSE:MTL). The Stock declined on the very next day of earnings and maintained its stock price at $17.63 by showing a % change of -2.16 percent from its previous closing price.

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