Caesars Entertainment (CZR) Rating Lowered to Sell at Zacks Investment Research

Caesars Entertainment (NASDAQ:CZR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “Caesars Entertainment Corporation is a gaming company engaged in providing casino entertainment services. The Company operates casino resorts on multiple continents and its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, managed casinos, combination greyhound racetrack and casino, combination thoroughbred racetrack and casino, and harness racetrack and casino, hotel and convention space, restaurants, and non-gaming entertainment facilities. Its resorts operate primarily under the Harrah’s(TM), Caesars(TM) and Horseshoe(TM) brand names. Caesars Entertainment Corporation is based in Las Vegas, Nevada. “

Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Caesars Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. SunTrust Banks started coverage on shares of Caesars Entertainment in a research report on Friday, September 15th. They set a “buy” rating and a $14.00 price objective on the stock. Instinet started coverage on shares of Caesars Entertainment in a research report on Friday, October 6th. They set a “neutral” rating and a $14.00 price objective on the stock. Oppenheimer restated a “buy” rating and set a $15.00 price objective on shares of Caesars Entertainment in a research report on Thursday, November 30th. Finally, ValuEngine upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Caesars Entertainment has an average rating of “Hold” and a consensus target price of $14.39.

Caesars Entertainment (CZR) opened at $12.65 on Monday. Caesars Entertainment has a 52 week low of $7.05 and a 52 week high of $13.60. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -1.69.

A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in Caesars Entertainment by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 47,153 shares of the company’s stock valued at $566,000 after buying an additional 118 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Caesars Entertainment by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 90,530 shares of the company’s stock worth $1,088,000 after purchasing an additional 1,110 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Caesars Entertainment by 10.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 38,533 shares of the company’s stock worth $368,000 after purchasing an additional 3,525 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Caesars Entertainment by 5.7% in the second quarter. Rhumbline Advisers now owns 70,215 shares of the company’s stock worth $843,000 after purchasing an additional 3,805 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Caesars Entertainment by 2.1% in the third quarter. First Trust Advisors LP now owns 211,836 shares of the company’s stock worth $2,828,000 after purchasing an additional 4,380 shares in the last quarter. 20.47% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2017/12/06/caesars-entertainment-czr-rating-lowered-to-sell-at-zacks-investment-research.html.

About Caesars Entertainment

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.

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

What are top analysts saying about Caesars Entertainment Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Caesars Entertainment Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit