NASDAQ: MLCO
Melco Resorts Finance Limited is a subsidiary of Melco Resorts & Entertainment Limited, a Cayman Islands company whose American depositary shares are listed on the Nasdaq Global Select Market. The company operates integrated resort and gaming properties in Macau, including City of Dreams (a large-scale integrated resort in Cotai featuring gaming areas, luxury hotels, retail, entertainment venues, and the House of Dancing Water show), Altira Macau (an integrated resort in Taipa), and Mocha Clubs (non-casino-based electronic gaming machine operations). The company also operates Studio City Casino under a services arrangement on behalf of its parent's subsidiary. Melco Resorts Macau, its subsidiary, holds a Macau gaming concession effective through December 31, 2032. Revenues are predominantly denominated in Hong Kong dollars, with casino gaming representing the largest revenue category. The company finances its operations through operating cash flows, bank credit facilities, and senior notes in the U.S. dollar high-yield market. Updated
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Wednesday's top analyst upgrades and downgrades included Activision Blizzard, Carnival, Citigroup, Coherent, DraftKings, Foot Locker, FREYR Battery, Leslie's, Lumentum, Melco Resorts & Entertainment, Pinterest, Shopify, Trade Desk and UnitedHealth.
Wednesday's top analyst upgrades and downgrades included Allstate, Archer Daniels Midland, Avis Budget, Baidu, Centene, Lemonade, Melco Resorts & Entertainment, Palantir Technologies, Peabody Energy, Philip Morris, Shopify and Zscaler.
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Tuesday's top analyst upgrades and downgrades included Airbnb, Alibaba, ConocoPhillips, Corning, Honeywell, JPMorgan, Las Vegas Sands, Lennar, Melco Resorts, Mosaic, ONEOK, Sirius XM, Snowflake and Walt Disney.
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Melco Resorts Finance Limited is a subsidiary of Melco Resorts & Entertainment Limited, a Cayman Islands company whose American depositary shares are listed on the Nasdaq Global Select Market.
24/7 Wall St.'s 12-month price target for MLCO is $6.93, rated Buy. The Wall Street consensus target is $6.33. MLCO price prediction →
