Melco Resorts & Entertainment L with ticker code (MLCO) have now 20 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 37 and 19.41 calculating the average target price we see 28.03. Given that the stocks previous close was at 20.62 this would imply there is a potential upside of 35.9%. The day 50 moving average is 20.45 while the 200 day moving average is 21.93. The market capitalisation for the company is $9,332m. You can visit the company’s website by visiting: http://www.melco-resorts.com
Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has approximately 476 gaming tables and approximately 724 gaming machines; approximately 2,170 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 25 restaurants and bars, approximately 165 retail outlets; and health and fitness clubs, 3 swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 104 gaming tables and 129 gaming machines; 230 hotel rooms; various dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 292 gaming tables and 957 gaming machines in Cotai, Macau. Further, the company owns and operates 8 Mocha Clubs with 1,336 gaming machines, as well as Grand Dragon casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was incorporated in 2004 and is based in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.