Melco Resorts & Entertainment (NASDAQ:MPEL) Earning Somewhat Favorable Press Coverage, Analysis Shows

Media coverage about Melco Resorts & Entertainment (NASDAQ:MPEL) has trended somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Melco Resorts & Entertainment earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.3038325863671 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Separately, Wells Fargo & Company reiterated a “neutral” rating on shares of Melco Resorts & Entertainment in a report on Tuesday, July 4th.

Melco Resorts & Entertainment (MPEL) traded up 0.4235% during mid-day trading on Friday, reaching $18.9700. Melco Resorts & Entertainment has a 12-month low of $11.91 and a 12-month high of $20.00.

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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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