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MEDIA (TRADITIONAL) | Television

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About Crown Entertainment

Operator of a pay TV channel. The company operates cable television channels dedicated to entertainment programming.

Crown Entertainment Headquarter Location

12700 Ventura Boulevard, 200

Studio City, California, 91604,

United States

(818)755-2400

Latest Crown Entertainment News

Melco Crown Entertainment Ltd (MPEL) Releases Earnings Results, Beats Expectations By $0.04 EPS

Feb 18, 2016

Tweet Melco Crown Entertainment Ltd (NASDAQ:MPEL) posted its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.04, Marketbeat reports. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business earned $0.22 EPS. Melco Crown Entertainment’s revenue was down 5.7% on a year-over-year basis. Melco Crown Entertainment ( NASDAQ:MPEL ) opened at 15.75 on Thursday. Melco Crown Entertainment has a one year low of $12.05 and a one year high of $28.17. The firm has a market capitalization of $8.49 billion and a P/E ratio of 40.38. The firm’s 50-day moving average price is $14.42 and its 200 day moving average price is $16.86. A number of research firms have commented on MPEL. Sanford C. Bernstein restated an “outperform” rating on shares of Melco Crown Entertainment in a research note on Monday, February 1st. Morgan Stanley restated an “outperform” rating on shares of Melco Crown Entertainment in a research note on Monday, February 1st. Wells Fargo restated a “market perform” rating on shares of Melco Crown Entertainment in a research note on Sunday, January 31st. Nomura lowered their price objective on Melco Crown Entertainment from $17.00 to $16.00 in a research note on Tuesday, January 19th. Finally, Zacks Investment Research upgraded Melco Crown Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, January 7th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.34. Melco Crown Entertainment Limited is a developer, owner and operator of casino gaming and entertainment resort facilities. The Company is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in two geographic areas: Macau and the Philippines. This story was originally published by American Banking News (http://www.americanbankingnews.com) and is the sole property of American Banking News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.americanbankingnews.com/2016/02/18/melco-crown-entertainment-ltd-mpel-releases-earnings-results-beats-expectations-by-0-04-eps/ Receive News & Ratings for Melco Crown Entertainment Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco Crown Entertainment Ltd and related companies with MarketBeat.com's FREE daily email newsletter . Leave a Reply

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