Brokerage Firm Rating Update on Melco Crown Entertainment Limited (MPEL)

Melco Crown Entertainment Limited (MPEL) : 1 brokerage houses believe that Melco Crown Entertainment Limited (MPEL) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Melco Crown Entertainment Limited (MPEL). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Melco Crown Entertainment Limited (MPEL) : 4 Wall Street analysts covering Melco Crown Entertainment Limited (MPEL) believe that the average level the stock could reach for the short term is $16.75. The maximum price target given is $21 and the minimum target for short term is around $14, hence the standard deviation is calculated at $3.01.


Company shares have received an average consensus rating of Hold for the current week Also, Buckingham Research initiates coverage on Melco Crown Entertainment Limited (NASDAQ:MPEL) The shares have been rated Neutral. The rating by the firm was issued on August 11, 2016.

Melco Crown Entertainment Limited (NASDAQ:MPEL): The stock opened at $14.26 and touched an intraday high of $14.67 on Wednesday. During the day, the stock corrected to an intraday low of $14.26, however, the bulls stepped in and pushed the price higher to close in the green at $14.63 with a gain of 2.96% for the day. The total traded volume for the day was 2,706,204. The stock had closed at $14.21 in the previous trading session.

Melco Crown Entertainment Limited is a developer, owner and operator of casino gaming and entertainment resort facilities. The Company is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in two geographic areas: Macau and the Philippines. The Company has two casino based operations in Macau, namely, City of Dreams and Altira Macau, 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. The Company is developing the Studio City project, a cinematically-themed integrated entertainment, retail and gaming resort. The Companys other premises include Taipa Square Casino, a casino on Taipa Island, Macau operating within Hotel Taipa Square, including the fit-out and gaming related equipment.

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