Investors purchased shares of Melco Crown Entertainment Limited (NASDAQ:MLCO) on weakness during trading hours on Wednesday. $22.87 million flowed into the stock on the tick-up and $7.28 million flowed out of the stock on the tick-down, for a money net flow of $15.59 million into the stock. Of all equities tracked, Melco Crown Entertainment Limited had the 26th highest net in-flow for the day. Melco Crown Entertainment Limited traded down ($0.20) for the day and closed at $21.31

Several research analysts recently commented on MLCO shares. Instinet reaffirmed a “neutral” rating on shares of Melco Crown Entertainment Limited in a report on Monday, July 17th. Credit Suisse Group set a $23.00 price objective on shares of Melco Crown Entertainment Limited and gave the stock a “buy” rating in a report on Thursday, May 4th. UBS AG raised shares of Melco Crown Entertainment Limited from a “hold” rating to a “buy” rating in a report on Monday, April 24th. Union Gaming Research raised shares of Melco Crown Entertainment Limited to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, April 24th. Finally, Aegis raised their price objective on shares of Melco Crown Entertainment Limited from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.16.

The firm’s 50 day moving average is $21.23 and its 200-day moving average is $20.20. The company has a market cap of $10.42 billion, a PE ratio of 41.30 and a beta of 1.91.

Melco Crown Entertainment Limited (NASDAQ:MLCO) last issued its earnings results on Thursday, July 27th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.04. Melco Crown Entertainment Limited had a return on equity of 9.20% and a net margin of 5.11%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.25 billion. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, equities analysts expect that Melco Crown Entertainment Limited will post $0.80 earnings per share for the current year.

The business also recently announced a None dividend, which will be paid on Wednesday, August 23rd. Investors of record on Tuesday, August 8th will be given a dividend of $0.089 per share. This is a positive change from Melco Crown Entertainment Limited’s previous None dividend of $0.02. The ex-dividend date of this dividend is Friday, August 4th. Melco Crown Entertainment Limited’s dividend payout ratio is currently 57.69%.

ILLEGAL ACTIVITY WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.watchlistnews.com/investors-buy-melco-crown-entertainment-limited-mlco-on-weakness/1496624.html.

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.

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.