Melco International Development (MDEVF) Expected to Release Quarterly Earnings on Monday

Melco International Development (OTCMKTS:MDEVF) will likely be issuing its resultson Monday, August 31st. Analysts expect the company to announce earnings of $0.0191 per share and revenue of $2.5221 billion for the quarter.

Melco International Development Price Performance

OTCMKTS MDEVF opened at $0.38 on Friday. The company has a 50 day simple moving average of $0.43 and a 200-day simple moving average of $0.48. Melco International Development has a 52-week low of $0.38 and a 52-week high of $0.83.

Analyst Upgrades and Downgrades

Separately, CICC Research downgraded shares of Melco International Development to a “market perform” rating in a research note on Sunday, August 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About Melco International Development

Melco International Development Limited is a Hong Kong–based investment holding company with diversified interests across property development, hospitality, gaming and entertainment sectors in Asia. The company pursues opportunities in integrated resort operations, property investment and development projects, leveraging its background in real estate to support long-term growth.

Through its controlling stake in Melco Resorts & Entertainment, Melco International is involved in the design, development and operation of world-class integrated resorts.