Somewhat Positive Press Coverage Somewhat Unlikely to Impact Melco Resorts & Entertainment (MLCO) Share Price
Media headlines about Melco Resorts & Entertainment (NASDAQ:MLCO) have trended somewhat positive on Friday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Melco Resorts & Entertainment earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.3934054008619 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Melco Resorts & Entertainment Shows Rising Price Performance With Jump To 93 RS Rating (finance.yahoo.com)
- Swiveling Stocks: Melco Resorts & Entertainment Limited, (NASDAQ: MLCO),Petroleo Brasileiro SA – Petrobras … – Hot Stocks In Focus (press release) (reagentsglobalmarket.com)
- Keep an eye on Analysts Rating: Melco Resorts & Entertainment Limited (MLCO) – Wall Street Morning (wallstreetmorning.com)
- Hot Stock to Track: Melco Resorts & Entertainment Limited (NASDAQ: MLCO) – Alpha Beta Stock (alphabetastock.com)
- Melco Resorts & Entertainment Limited (NASDAQ:MLCO) – Glistening Stock’s Review – Nasdaq Journal (press release) (nasdaqjournal.com)
MLCO has been the topic of a number of recent analyst reports. TheStreet raised Melco Resorts & Entertainment from a “c+” rating to a “b” rating in a research note on Tuesday, November 21st. Zacks Investment Research raised Melco Resorts & Entertainment from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, September 27th. Nomura raised Melco Resorts & Entertainment from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $29.00 in a research report on Tuesday, September 19th. Instinet raised Melco Resorts & Entertainment from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $29.00 in a research report on Tuesday, September 19th. Finally, Roth Capital initiated coverage on Melco Resorts & Entertainment in a research report on Wednesday, November 1st. They issued a “buy” rating and a $34.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $25.34.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th were given a $0.09 dividend. This is an increase from Melco Resorts & Entertainment’s previous quarterly dividend of $0.03. This represents a $0.36 annualized dividend and a yield of 1.33%. The ex-dividend date was Monday, November 13th. Melco Resorts & Entertainment’s payout ratio is currently 55.56%.
WARNING: This article was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.watchlistnews.com/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-melco-resorts-entertainment-mlco-share-price/1766575.html.
About Melco Resorts & Entertainment
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 Resorts & Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco Resorts & Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.