Melco Crown Entertainment Limited (NASDAQ:MLCO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Melco Resorts & Entertainment Ltd is a developer, owner and operator of casino gaming and entertainment casino resort facilities primarily in Asia. Melco Resorts & Entertainment Ltd, formerly known as Melco Crown Entertainment Limited, is based in Hong Kong. “

MLCO has been the subject of several other reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Melco Crown Entertainment Limited in a research note on Wednesday, July 12th. UBS AG reaffirmed a “buy” rating on shares of Melco Crown Entertainment Limited in a research note on Monday, July 10th. TheStreet lowered shares of Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th. Instinet reaffirmed a “neutral” rating on shares of Melco Crown Entertainment Limited in a research note on Monday, July 17th. Finally, Macquarie dropped their price objective on shares of Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating for the company in a research note on Friday, August 18th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $21.52.

Shares of Melco Crown Entertainment Limited (NASDAQ:MLCO) opened at 23.01 on Tuesday. The stock has a market cap of $11.26 billion, a PE ratio of 44.59 and a beta of 1.86. Melco Crown Entertainment Limited has a 52 week low of $14.89 and a 52 week high of $23.94. The stock has a 50 day moving average of $21.09 and a 200-day moving average of $20.79.

Melco Crown Entertainment Limited (NASDAQ:MLCO) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Melco Crown Entertainment Limited had a return on equity of 9.20% and a net margin of 5.11%. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. Equities research analysts predict that Melco Crown Entertainment Limited will post $0.84 earnings per share for the current fiscal year.

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Melco Crown Entertainment Limited Company Profile

Melco Resorts & Entertainment Limited, formerly 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. It 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.

Analyst Recommendations for Melco Crown Entertainment Limited (NASDAQ:MLCO)

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