BidaskClub Upgrades Caesars Entertainment Corporation (CZR) to Hold

Caesars Entertainment Corporation (NASDAQ:CZR) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Monday.

A number of other equities analysts also recently commented on CZR. Oppenheimer Holdings, Inc. initiated coverage on shares of Caesars Entertainment Corporation in a research note on Thursday, June 1st. They issued an “outperform” rating and a $15.00 target price on the stock. CIBC initiated coverage on shares of Caesars Entertainment Corporation in a research note on Thursday, June 1st. They issued an “outperform” rating and a $15.00 target price on the stock. ValuEngine upgraded shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Imperial Capital initiated coverage on shares of Caesars Entertainment Corporation in a research note on Wednesday, July 19th. They issued an “outperform” rating and a $15.50 target price on the stock. 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 for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $14.50.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) opened at 12.40 on Monday. The stock’s market capitalization is $1.85 billion. Caesars Entertainment Corporation has a one year low of $6.61 and a one year high of $13.45. The firm has a 50-day moving average of $11.76 and a 200 day moving average of $11.26.

Caesars Entertainment Corporation (NASDAQ:CZR) last issued its earnings results on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.47). The business had revenue of $1 billion for the quarter, compared to analyst estimates of $2.11 billion. On average, equities research analysts predict that Caesars Entertainment Corporation will post $0.06 EPS for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Hosking Partners LLP purchased a new stake in shares of Caesars Entertainment Corporation in the 2nd quarter worth approximately $4,409,000. American International Group Inc. lifted its position in shares of Caesars Entertainment Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 34,743 shares of the company’s stock worth $332,000 after purchasing an additional 2,295 shares during the period. Monarch Partners Asset Management LLC purchased a new stake in shares of Caesars Entertainment Corporation in the 2nd quarter worth approximately $7,628,000. Eagle Asset Management Inc. purchased a new stake in shares of Caesars Entertainment Corporation in the 2nd quarter worth approximately $18,119,000. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in shares of Caesars Entertainment Corporation by 181.3% in the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 403,173 shares of the company’s stock worth $3,850,000 after purchasing an additional 259,839 shares during the period. 76.68% of the stock is owned by hedge funds and other institutional investors.

About Caesars Entertainment Corporation

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 facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.

Analyst Recommendations for Caesars Entertainment Corporation (NASDAQ:CZR)

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