Melco Crown Enter. (MPEL) Bullish Stance Reiterated at Janney Capital
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Melco Crown Enter. (MPEL) Offers a Buying Opportunity, Says Sterne Agee
May 9, 2014 7:32 AM EDTSterne Agee analyst David Bain reiterated a Buy rating and $57 price target on Melco Crown Enter. (NASDAQ: MPEL), calling the sell-off a buying opportunity.
Bain comments, "We believe MPEL will renew a march toward our price target, which represents a 78% gain from... More
Analyst Comments on China Crackdown in Macau (LVS) (MGM) (WYNN) (MPEL)
May 8, 2014 8:02 AM EDTGaming stock declined pre-market on Thursday after the South China Moring Post reported that China is cracking down on cash-card capital flight to Macau. Affected stocks include Las Vegas Sands (NYSE: LVS), MGM Resorts International (NYSE: MGM), Wynn Resorts Ltd (NASDAQ: WYNN) and Melco Crown Entertainment Limited (NASDAQ:... More
Melco Crown Entertainment (MPEL) Tops Q1 EPS by 3c
May 8, 2014 7:53 AM EDTMelco Crown Entertainment (NASDAQ: MPEL) reported Q1 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.36 billion.
Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, commented, The Company delivered another strong performance in the first quarter of 2014, with net revenues and Adjusted property EBITDA increasing approximately 19% and 31%, respectively, on a year-over-year basis.
Our group-wide profitability continues to be driven by the mass market segment at City of Dreams, a segment which is supported by the propertys unique... More
