NEW YORK, November 18, 2016 /PRNewswire/ --
Stock-Callers.com's attention is directed to the global Resorts and Casinos industry which continues to rapidly expand in new markets around the world. While there are significant opportunities for growth, a number of challenges are also present. This morning, we put focus back on four equities, which are: MGM Resorts International (NYSE: MGM), Carnival Corp. (NYSE: CCL), Melco Crown Entertainment Ltd (NASDAQ: MPEL), and Royal Caribbean Cruises Ltd (NYSE: RCL). Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
MGM Resorts
Nevada-based MGM Resorts International's stock finished Thursday's session 1.15% higher at $28.03 with a total volume of 6.99 million shares traded. Over the last one month and the previous three months, MGM Resorts' shares have advanced 7.44% and 16.02%, respectively. Further, the stock has gained 23.37% in the past one year. Shares of the Company are trading at a PE ratio of 56.29. The Company's shares are trading above its 50-day and 200-day moving averages by 7.09% and 20.60%, respectively. MGM Resorts' stock has a Relative Strength Index (RSI) of 65.05.
On November 08th, 2016, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $29 a share to $33 a share.
On November 14th, 2016, MGM Resorts announced the appointment of Aaron Fischer as Senior Vice President of Corporate Development to assist the company and its affiliates in the development and strategic planning of integrated resorts in North America and Asia. Fischer recently served as the Head of Consumer and Gaming research at CLSA, a boutique brokerage and investment group based in Hong Kong. MGM complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=MGM
Carnival
Miami, Florida headquartered Carnival Corp.'s stock advanced 1.10%, to close the day at $51.50. The stock recorded a trading volume of 3.09 million shares. Carnival Corp.'s shares have gained 10.47% in the last one month, 11.26% in the previous three months and 4.57% in the past one year. Shares of the Company are trading 8.13% and 8.92% above its 50-day and 200-day moving averages, respectively.
On November 09th, 2016, Carnival announced that the steel cutting ceremony of the bow section of the fourth Royal Class ship for Princess Cruises was held on November 3rd, 2016, at Fincantieri shipyard in Castellammare di Stabia, Italy. This new build design follows sister ships Royal, Regal, and Majestic Princess, and is scheduled for delivery in 2019. The complimentary report on CCL can be downloaded at:
http://stock-callers.com/registration/?symbol=CCL
Melco Crown Entertainment
On Thursday, shares in Hong Kong headquartered Melco Crown Entertainment Ltd recorded a trading volume of 5.45 million shares, which was higher than their three months average volume of 3.34 million shares. The stock ended the day 4.81% higher at $18.29. Shares of the Company traded at a PE ratio of 106.34. Melco Crown Entertainment's stock has gained 11.22% in the last one month, 36.79% in the previous three months, and 15.03% in the past one year. Furthermore, shares of the company have an RSI of 67.65.
On November 09th, 2016, Melco Crown announced that with the latest results released from the newly published MICHELIN Guide Hong Kong Macau 2017, the Company now offers more Michelin-starred dining establishments - a total of five - than any operators in all of Macau. Joining City of Dreams' French chef-d'oeuvre The Tasting Room (two stars), Cantonese culinary masterpiece Jade Dragon (two stars), and sushi restaurant Shinji by Kanesaka (one star), Altira Macau and Studio City's signature Cantonese restaurants, Ying and Pearl Dragon, respectively, also celebrated their brand new inclusions to the ranks of one-Michelin-starred establishments. Sign up for your complimentary research report on MPEL at:
http://stock-callers.com/registration/?symbol=MPEL
Royal Caribbean Cruises
On Thursday, shares in Florida headquartered Royal Caribbean Cruises Ltd ended the session 0.56% higher at $82.87 with a total volume of 1.39 million shares traded. Royal Caribbean Cruises' shares have gained 17.01% in the last one month and 20.16% in the previous three months. The stock is trading 13.92% above its 50-day moving average and 13.38% above its 200-day moving average. Moreover, shares of the Company are trading at a PE ratio of 14.61 and have an RSI of 70.79.
On October 27th, 2016, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'.
On October 28th, 2016, Royal Caribbean reported GAAP and adjusted Q3 2016 earnings of $3.21 and $3.20, respectively, up 13% from last year. Full year adjusted earnings guidance is unchanged at $6.00 to $6.10 per share. Q3 2016 net yields were up 2.9% on a constant-currency basis, better-than-guidance, driven mainly by strong close-in demand for North American itineraries. Net cruise costs, excluding fuel, were down 1.6% on a constant-currency basis, in-line with the company's guidance. Get free access to your research report on RCL at:
http://stock-callers.com/registration/?symbol=RCL
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SOURCE Chelmsford Park SA
