NEW YORK, February 15, 2017 /PRNewswire/ --
This morning's research on Stock-Callers.com brings investors' attention to these four Resorts and Casinos stocks: Melco Crown Entertainment Ltd (NASDAQ: MPEL), Royal Caribbean Cruises Ltd (NYSE: RCL), Caesars Entertainment Corp. (NASDAQ: CZR), and Pinnacle Entertainment Inc. (NASDAQ: PNK). According to data provided by betting and gaming market intelligence firm H2 Gambling Capital, the global gambling industry generated $385 billion in profit in 2016. You can access our complimentary research reports on these stocks now at:
Melco Crown Entertainment
Central, Hong Kong headquartered Melco Crown Entertainment Ltd's shares rose 0.34%, finishing Tuesday's trading session at $17.53. A total volume of 5.16 million shares was traded, which was above their three months average volume of 4.49 million shares. The stock has advanced 9.60% in the past month, 11.28% in the previous three months, and 19.12% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 9.32% and 21.77%, respectively. Moreover, shares of Melco Crown Entertainment, which through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia, have a Relative Strength Index (RSI) of 62.99.
On February 13th, 2017, research firm Morgan Stanley upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'.
On February 14th, 2017, Melco Crown announced that it will file its unaudited financial results for Q4 and year ended December 31st, 2016 on Form 6-K with the US Securities and Exchange Commission on February 16th, 2017, to be followed by a conference call on the same day at 8:30 a.m. ET. Visit us today and download your complete report on MPEL for free at:
Royal Caribbean Cruises
On Tuesday, shares in Miami, Florida headquartered Royal Caribbean Cruises Ltd recorded a trading volume of 906,714 shares, and ended the session 0.02% higher at $96.52. The stock has gained 13.43% in the last one month, 18.75% in the previous three months, and 17.65% on an YTD basis. The Company's shares are trading 10.98% above their 50-day moving average and 26.59% above their 200-day moving average. Furthermore, shares of Royal Caribbean Cruises, which operates as a cruise company, have an RSI of 74.79.
On January 30th, 2017, research firm Argus upgraded the Company's stock rating from 'Hold' to 'Buy'.
On February 07th, 2017, Royal Caribbean Cruises' Board of Directors declared a quarterly dividend of $0.48 per common share payable on April 05th, 2017, to shareholders of record at the close of business on March 07th, 2017. The complimentary research report on RCL can be accessed at:
Las Vegas, Nevada-based Caesars Entertainment Corp.'s stock closed the day flat at $8.80 with a total trading volume of 718,749 shares. The Company's shares have gained 21.38% in the previous three months and 3.53% on an YTD basis. The stock is trading 3.81% and 15.35% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Caesars Entertainment, which through its subsidiaries, provides casino-entertainment and hospitality services in the US and internationally, have an RSI of 49.93.
On February 14th, 2017, Caesars Entertainment's net revenues increased 3.0% y-o-y to $949 million. The Company's net loss, before including the effect of noncontrolling interest, was $435 million compared to a net loss of $39 million in Q4 2015 mainly due to a $426 million accrual related to the restructuring of Caesars Entertainment's operating company. For Q4 2016, Caesars Entertainment's adjusted EBITDA grew 10.6% y-o-y to $250 million. Register for free on Stock-Callers.com and download the PDF research report on CZR at:
At the closing bell yesterday, shares in Las Vegas, Nevada headquartered Pinnacle Entertainment Inc. ended 0.12% higher at $16.25 with a total trading volume of 378,033 shares. The stock has advanced 15.41% in the last one month, 18.18% over the previous three months, and 12.07% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 9.82% and 30.34%, respectively. Furthermore, shares of Pinnacle Entertainment, which engages in ownership, operation, and development of casinos and related hospitality and entertainment businesses, have an RSI of 71.66.
On February 09th, 2017, Pinnacle Entertainment announced that it will release its Q4 2016 and full year 2016 financial results on February 22nd, 2017 prior to the market opening, followed by a conference call on the same day at 10:00 a.m. ET.
On February 10th, 2017, research firm SunTrust initiated a 'Hold' rating on the Company's stock, with a target price of $17 per share. Get free access to your research report on PNK at:
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