Caesars Entertainment Corporation (CZR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $14.56.

Several equities research analysts have recently commented on CZR shares. BidaskClub raised shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. ValuEngine lowered shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Nomura started coverage on shares of Caesars Entertainment Corporation in a research report on Friday, October 6th. They set a “neutral” rating and a $14.00 price target for the company. Finally, Instinet started coverage on shares of Caesars Entertainment Corporation in a research report on Friday, October 6th. They set a “neutral” rating and a $14.00 price target for the company.

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Caesars Entertainment Corporation (NASDAQ:CZR) opened at $12.95 on Tuesday. Caesars Entertainment Corporation has a 52-week low of $7.05 and a 52-week high of $13.60. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of -1.69.

A number of institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its holdings in Caesars Entertainment Corporation by 1,419.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 549,902 shares of the company’s stock worth $7,341,000 after acquiring an additional 513,719 shares in the last quarter. Davidson Kempner Capital Management LP increased its holdings in Caesars Entertainment Corporation by 267.9% in the 3rd quarter. Davidson Kempner Capital Management LP now owns 1,655,745 shares of the company’s stock worth $22,104,000 after acquiring an additional 1,205,745 shares in the last quarter. Cowen Inc. purchased a new stake in Caesars Entertainment Corporation in the 3rd quarter worth approximately $334,000. Graham Capital Management L.P. purchased a new stake in Caesars Entertainment Corporation in the 3rd quarter worth approximately $763,000. Finally, Engineers Gate Manager LP purchased a new stake in Caesars Entertainment Corporation in the 3rd quarter worth approximately $3,095,000. 18.43% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Caesars Entertainment Corporation (NASDAQ:CZR)

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