CZR has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Caesars Entertainment from a hold rating to a sell rating in a report on Thursday, January 10th. Deutsche Bank cut their price target on shares of Caesars Entertainment from $13.00 to $11.00 and set a buy rating on the stock in a report on Monday, January 7th. Bank of America lowered shares of Caesars Entertainment from a buy rating to a neutral rating and raised their price target for the stock from $8.75 to $9.00 in a report on Wednesday, January 16th. Credit Suisse Group reissued an outperform rating and issued a $13.00 price target on shares of Caesars Entertainment in a report on Wednesday, March 20th. Finally, UBS Group raised shares of Caesars Entertainment from a sell rating to a neutral rating and cut their price target for the stock from $9.00 to $7.00 in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $11.75.
Shares of NASDAQ:CZR opened at $9.38 on Friday. The firm has a market capitalization of $6.15 billion, a P/E ratio of -49.37 and a beta of 1.20. Caesars Entertainment has a 52 week low of $5.84 and a 52 week high of $13.54. The company has a debt-to-equity ratio of 5.65, a quick ratio of 1.11 and a current ratio of 1.13.
In other news, VP Les Ottolenghi sold 17,240 shares of Caesars Entertainment stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $8.74, for a total transaction of $150,677.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 97,460 shares of company stock worth $840,337. Insiders own 0.92% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. AlphaCrest Capital Management LLC bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at about $74,000. Lehman & Derafelo Financial Resources LLC bought a new stake in Caesars Entertainment during the fourth quarter worth about $75,000. Alps Advisors Inc. bought a new stake in Caesars Entertainment during the fourth quarter worth about $85,000. OLD Mission Capital LLC bought a new stake in Caesars Entertainment during the fourth quarter worth about $88,000. Finally, IHT Wealth Management LLC bought a new stake in Caesars Entertainment during the fourth quarter worth about $88,000.
About Caesars Entertainment
Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.
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