Shares of Melco Crown Entertainment Ltd. (NASDAQ:MPEL) were up 5.6% on Tuesday . The stock traded as high as $13.77 and last traded at $13.64, with a volume of 2,841,509 shares traded. The stock had previously closed at $12.92.

Several analysts have recently weighed in on MPEL shares. Sterne Agee CRT reiterated a “buy” rating and set a $20.00 target price (down from $22.50) on shares of Melco Crown Entertainment in a research report on Monday, April 18th. Zacks Investment Research upgraded Melco Crown Entertainment from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, July 19th. HSBC upgraded Melco Crown Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, July 19th. Morgan Stanley downgraded Melco Crown Entertainment from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.50 to $15.50 in a research report on Thursday, June 2nd. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Melco Crown Entertainment in a research report on Friday, April 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.78.

The firm has a market cap of $7.62 billion and a price-to-earnings ratio of 90.58. The firm has a 50 day moving average price of $13.02 and a 200 day moving average price of $14.60.

Melco Crown Entertainment (NASDAQ:MPEL) last posted its earnings results on Wednesday, May 4th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. The business earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business earned $0.11 EPS. Melco Crown Entertainment’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts forecast that Melco Crown Entertainment Ltd. will post $0.33 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of MPEL. Airain ltd purchased a new position in shares of Melco Crown Entertainment during the fourth quarter valued at approximately $1,089,000. Covey Capital Advisors LLC boosted 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 valued at $7,379,000 after buying an additional 19,410 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Melco Crown Entertainment by 87.4% in the fourth quarter. Schroder Investment Management Group now owns 1,685,606 shares of the company’s stock valued at $28,318,000 after buying an additional 786,106 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Melco Crown Entertainment by 0.9% in the fourth quarter. Bank of Montreal Can now owns 106,721 shares of the company’s stock valued at $1,793,000 after buying an additional 989 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. purchased a new position in shares of Melco Crown Entertainment during the fourth quarter valued at approximately $2,453,000.

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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