Melco Resorts & Entertainment (MLCO) Earning Somewhat Favorable Media Coverage, Report Shows
Media coverage about Melco Resorts & Entertainment (NASDAQ:MLCO) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Melco Resorts & Entertainment earned a news impact score of 0.20 on Accern’s scale. Accern also gave media headlines about the company an impact score of 44.89620934707 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s analysis:
- New luxury hotel to open in City of Dreams (business.inquirer.net)
- Notable ETF Inflow Detected – AAXJ, MLCO, VIPS, YY (nasdaq.com)
- Melco Resorts & Entertainment Limited (NASDAQ:MLCO): Will The Growth Last? (finance.yahoo.com)
- Melco Adds NUWA Brand to Enrich City of Dreams Property – Nasdaq (nasdaq.com)
- Melco Resorts & Entertainment (MLCO) Upgraded to Buy by BidaskClub (americanbankingnews.com)
Shares of Melco Resorts & Entertainment (MLCO) traded down $0.12 during trading on Friday, reaching $28.46. 1,195,251 shares of the company’s stock were exchanged, compared to its average volume of 2,400,000. The company has a market cap of $13,970.00, a price-to-earnings ratio of 45.17, a PEG ratio of 1.10 and a beta of 1.92. Melco Resorts & Entertainment has a 1-year low of $15.47 and a 1-year high of $29.05. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.07 and a current ratio of 1.08.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Monday, November 13th. This is a positive change from Melco Resorts & Entertainment’s previous quarterly dividend of $0.03. Melco Resorts & Entertainment’s dividend payout ratio (DPR) is 55.56%.
MLCO has been the topic of several recent research reports. Daiwa Capital Markets raised shares of Melco Resorts & Entertainment from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, November 30th. Nomura increased their target price on shares of Melco Resorts & Entertainment from $29.00 to $33.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Melco Resorts & Entertainment from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Thursday, November 9th. Instinet raised shares of Melco Resorts & Entertainment from a “neutral” rating to a “buy” rating and increased their target price for the company from $20.00 to $29.00 in a report on Tuesday, September 19th. Finally, Roth Capital initiated coverage on shares of Melco Resorts & Entertainment in a report on Wednesday, November 1st. They set a “buy” rating and a $34.00 target price on the stock. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $25.78.
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About Melco Resorts & Entertainment
Melco Resorts & Entertainment Limited, formerly 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. It 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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