Vetr downgraded shares of Melco Crown Entertainment Limited (NASDAQ:MPEL) from a strong-buy rating to a buy rating in a research report sent to investors on Monday morning. The brokerage currently has $19.43 target price on the stock.

MPEL has been the topic of a number of other research reports. Zacks Investment Research raised Melco Crown Entertainment Limited from a hold rating to a strong-buy rating and set a $18.00 price target on the stock in a research note on Wednesday, January 11th. Wells Fargo & Company reissued a market perform rating on shares of Melco Crown Entertainment Limited in a research note on Wednesday, January 25th. Bank of America Corporation raised Melco Crown Entertainment Limited from a neutral rating to a buy rating and lifted their price target for the stock from $19.50 to $22.30 in a research note on Monday, January 9th. Morgan Stanley raised Melco Crown Entertainment Limited from an equal weight rating to an overweight rating and set a $19.00 price target on the stock in a research note on Monday. Finally, Sanford C. Bernstein reissued an outperform rating on shares of Melco Crown Entertainment Limited in a research note on Thursday, January 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $17.53.

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

Shares of Melco Crown Entertainment Limited (NASDAQ:MPEL) opened at 16.91 on Monday. The company’s 50-day moving average is $16.82 and its 200-day moving average is $16.31. Melco Crown Entertainment Limited has a 52-week low of $11.91 and a 52-week high of $20.00. The firm has a market cap of $8.25 billion, a P/E ratio of 73.52 and a beta of 2.11.

Melco Crown Entertainment Limited (NASDAQ:MPEL) last released its earnings results on Thursday, February 16th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.00. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. Melco Crown Entertainment Limited had a return on equity of 4.12% and a net margin of 2.70%. Melco Crown Entertainment Limited’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) earnings per share. Equities research analysts forecast that Melco Crown Entertainment Limited will post $0.37 earnings per share for the current fiscal year.

“Melco Crown Entertainment Limited (MPEL) Downgraded by Vetr Inc.” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international copyright and trademark laws. The legal version of this piece of content can be accessed at http://www.watchlistnews.com/melco-crown-entertainment-limited-mpel-downgraded-by-vetr-inc/1121790.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, February 27th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, February 23rd. This is a positive change from Melco Crown Entertainment Limited’s previous quarterly dividend of $0.01. This represents a $0.12 dividend on an annualized basis and a yield of 0.71%. Melco Crown Entertainment Limited’s dividend payout ratio (DPR) is presently 25.00%.

Large investors have recently made changes to their positions in the company. GRATRY & Co LLC acquired a new stake in shares of Melco Crown Entertainment Limited during the third quarter worth approximately $179,000. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Melco Crown Entertainment Limited during the second quarter worth approximately $181,000. Delta Lloyd NV acquired a new stake in shares of Melco Crown Entertainment Limited during the third quarter worth approximately $263,000. Pacad Investment Ltd. acquired a new stake in shares of Melco Crown Entertainment Limited during the fourth quarter worth approximately $274,000. Finally, Harbor Advisors LLC acquired a new stake in shares of Melco Crown Entertainment Limited during the fourth quarter worth approximately $278,000. Hedge funds and other institutional investors own 32.19% of the company’s stock.

About Melco Crown Entertainment Limited

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.

5 Day Chart for NASDAQ:MPEL

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Melco Crown Entertainment Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco Crown Entertainment Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.