Caesars Entertainment Corporation (CZR) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Caesars Entertainment Corporation (NASDAQ:CZR) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Caesars Entertainment Corporation from a hold rating to a buy rating and set a $13.00 price target on the stock in a research report on Friday, September 8th. Imperial Capital initiated coverage on shares of Caesars Entertainment Corporation in a research report on Wednesday, July 19th. They issued an outperform rating and a $15.50 price target on the stock. SunTrust Banks, Inc. initiated coverage on shares of Caesars Entertainment Corporation in a research report on Friday, September 15th. They issued a buy rating and a $14.00 price target on the stock. ValuEngine upgraded shares of Caesars Entertainment Corporation from a sell rating to a hold rating in a research report on Friday, September 1st. Finally, Wolfe Research initiated coverage on shares of Caesars Entertainment Corporation in a research report on Friday, July 21st. They issued an outperform rating and a $16.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $14.39.

Shares of Caesars Entertainment Corporation (NASDAQ CZR) traded up $0.03 on Friday, reaching $12.98. 4,272,843 shares of the company traded hands, compared to its average volume of 13,358,732. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of -1.69.

Caesars Entertainment Corporation (NASDAQ:CZR) last announced its earnings results on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.47). The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $2.11 billion. analysts expect that Caesars Entertainment Corporation will post -1.64 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. KCG Holdings Inc. acquired a new stake in shares of Caesars Entertainment Corporation during the 1st quarter valued at about $116,000. BNP Paribas Arbitrage SA boosted its position in shares of Caesars Entertainment Corporation by 88.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock valued at $125,000 after acquiring an additional 4,892 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Caesars Entertainment Corporation by 647.9% during the 2nd quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock valued at $145,000 after acquiring an additional 10,496 shares in the last quarter. Airain ltd acquired a new stake in shares of Caesars Entertainment Corporation during the 2nd quarter valued at about $161,000. Finally, Karp Capital Management Corp acquired a new stake in shares of Caesars Entertainment Corporation during the 1st quarter valued at about $177,000. Institutional investors and hedge funds own 77.10% of the company’s stock.

Caesars Entertainment Corporation Company Profile

Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.

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