Somewhat Positive News Coverage Somewhat Unlikely to Affect Melco Crown Entertainment Limited (MLCO) Stock Price

News headlines about Melco Crown Entertainment Limited (NASDAQ:MLCO) have trended somewhat positive on Wednesday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Melco Crown Entertainment Limited earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.3573622580655 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media headlines that may have impacted Accern’s scoring:

Shares of Melco Crown Entertainment Limited (MLCO) opened at 24.20 on Wednesday. Melco Crown Entertainment Limited has a 12 month low of $14.89 and a 12 month high of $24.57. The company’s 50 day moving average is $21.07 and its 200 day moving average is $20.68. The company has a market cap of $11.84 billion, a P/E ratio of 46.90 and a beta of 1.84.

Melco Crown Entertainment Limited (NASDAQ:MLCO) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.04). The company had revenue of $1.30 billion during 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 quarterly revenue was up 21.3% compared to the same quarter last year. On average, equities research analysts predict that Melco Crown Entertainment Limited will post $0.84 EPS for the current fiscal year.

Several equities analysts have recently issued reports on MLCO shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Melco Crown Entertainment Limited in a report on Wednesday, July 12th. UBS AG reiterated a “buy” rating on shares of Melco Crown Entertainment Limited in a report on Monday, July 10th. Nomura upgraded shares of Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and lifted their target price for the company from $20.00 to $29.00 in a report on Tuesday, September 19th. Instinet upgraded shares of Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and lifted their target price for the company from $20.00 to $29.00 in a report on Tuesday, September 19th. Finally, TheStreet lowered shares of Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $22.98.

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About Melco Crown Entertainment Limited

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.

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