Shares of Melco Crown Entertainment Ltd. (NASDAQ:MPEL) rose 5.4% during mid-day trading on Monday . The stock traded as high as $12.66 and last traded at $12.60, with a volume of 4,202,219 shares. The stock had previously closed at $11.95.

Several equities analysts recently weighed in on the stock. Sterne Agee CRT restated a “buy” rating and set a $20.00 price target (down previously from $22.50) on shares of Melco Crown Entertainment in a research report on Monday, April 18th. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Melco Crown Entertainment in a research report on Monday, May 9th. Credit Suisse Group AG restated a “neutral” rating on shares of Melco Crown Entertainment in a research report on Thursday, May 19th. Deutsche Bank AG restated a “hold” rating on shares of Melco Crown Entertainment in a research report on Friday, April 1st. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Melco Crown Entertainment in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.18.

The stock has a 50 day moving average price of $13.49 and a 200 day moving average price of $14.85. The stock has a market cap of $6.70 billion and a PE ratio of 79.68.

Melco Crown Entertainment (NASDAQ:MPEL) last issued its earnings results on Wednesday, May 4th. The company reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. During the same period last year, the firm posted $0.11 EPS. The business earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Melco Crown Entertainment’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Melco Crown Entertainment Ltd. will post $0.33 EPS for the current year.

A number of institutional investors have modified their holdings of the company. Mizuho Trust & Banking Co. Ltd. acquired a new position in shares of Melco Crown Entertainment during the fourth quarter worth $2,453,000. Korea Investment CORP acquired a new position in shares of Melco Crown Entertainment during the fourth quarter worth $1,285,000. Swiss National Bank acquired a new position in shares of Melco Crown Entertainment during the fourth quarter worth $6,397,000. Covey Capital Advisors LLC raised its position in shares of Melco Crown Entertainment by 4.6% in the fourth quarter. Covey Capital Advisors LLC now owns 439,211 shares of the company’s stock worth $7,379,000 after buying an additional 19,410 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Melco Crown Entertainment by 499.8% in the fourth quarter. First Trust Advisors LP now owns 557,292 shares of the company’s stock worth $9,363,000 after buying an additional 464,379 shares during the period.

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.

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