The stock of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) is a huge mover today! About 1.94M shares traded hands. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has risen 11.52% since April 18, 2016 and is uptrending. It has outperformed by 7.09% the S&P500.
The move comes after 7 months positive chart setup for the $10.75 billion company. It was reported on Nov, 18 by Barchart.com. We have $23.51 PT which if reached, will make NASDAQ:MPEL worth $2.80 billion more.
Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) Ratings Coverage
Out of 10 analysts covering Melco Crown Entertainment (NASDAQ:MPEL), 4 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 40% are positive. Melco Crown Entertainment has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by JP Morgan given on Monday, October 5. The firm has “Neutral” rating given on Thursday, March 17 by Macquarie Research. The firm earned “Buy” rating on Tuesday, July 28 by Brean Capital. HSBC upgraded the stock to “Buy” rating in Monday, October 12 report. The firm earned “Neutral” rating on Tuesday, August 18 by Goldman Sachs. The firm has “Overweight” rating given on Monday, January 11 by Morgan Stanley. The company was downgraded on Wednesday, April 20 by HSBC. The company was upgraded on Thursday, October 29 by Morgan Stanley. The firm earned “Neutral” rating on Thursday, August 11 by Buckingham Research. The firm has “Hold” rating given on Tuesday, October 6 by Deutsche Bank.
According to Zacks Investment Research, “Melco Crown Entertainment Limited is an owner and developer of casino gaming and entertainment resort facilities primarily in Macau. It owns and operates City of Dreams, Altira Macau and Mocha Clubs. The Company’s Development Project includes Macau Studio City Project. Melco Crown Entertainment Limited, formerly known as Melco PBL Entertainment (Macau) Limited, is headquartered in Macau.”
Another recent and important Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) news was published by Marketwatch.com which published an article titled: “Melco Crown Entertainment Ltd. ADR” on August 12, 2009.
MPEL Company Profile
Melco Crown Entertainment Limited, incorporated on December 17, 2004, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. The Firm 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 business divisions are City of Dreams, Altira Macau, Studio City, Mocha Clubs, City of Dreams Manila, and Corporate and Others. The Firm has over three casino activities in Macau, namely, City of Dreams, Altira Macau and Studio City, and non-casino based activities in Macau at its Mocha Clubs. The Firm also has a casino operation in the Philippines, City of Dreams Manila. The Firm is developing the fifth hotel tower at City of Dreams in Cotai, Macau.
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