Caesars Entertainment Corporation (NASDAQ:CZR) Receiving Somewhat Positive Media Coverage, Study Shows
Headlines about Caesars Entertainment Corporation (NASDAQ:CZR) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caesars Entertainment Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the company an impact score of 84 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- BRIEF-Caesars Entertainment Q2 revenue rose 1 pct to $1.0 bln (feeds.reuters.com)
- Zooming in on the Numbers for Caesars Entertainment Corporation (NASDAQ:CZR) – Jonesboro Recorder (jonesbororecorder.com)
- Caesars Entertainment Corp. breached its 50 day moving average in a Bearish Manner : CZR-US : August 2, 2017 (finance.yahoo.com)
- Caesars Entertainment Corporation (CZR) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
- Mark Frissora, President and CEO of Caesars Entertainment, Announces the Release of Eighth Annual Citizenship … – Markets Insider (markets.businessinsider.com)
Caesars Entertainment Corporation (CZR) traded up 0.83% during midday trading on Thursday, hitting $12.20. The company’s stock had a trading volume of 2,519,582 shares. The company’s market cap is $1.82 billion. Caesars Entertainment Corporation has a 52-week low of $5.39 and a 52-week high of $13.45. The stock has a 50 day moving average of $12.45 and a 200 day moving average of $10.62.
Caesars Entertainment Corporation (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, May 2nd. The company reported ($3.71) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by $4.25. The firm had revenue of $963 million for the quarter. On average, equities analysts expect that Caesars Entertainment Corporation will post ($0.39) EPS for the current year.
Several research analysts have recently commented on CZR shares. BidaskClub upgraded Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. ValuEngine upgraded Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. CIBC initiated coverage on Caesars Entertainment Corporation in a research note on Thursday, June 1st. They set an “outperform” rating and a $15.00 target price for the company. Oppenheimer Holdings, Inc. initiated coverage on Caesars Entertainment Corporation in a research note on Thursday, June 1st. They issued an “outperform” rating and a $15.00 price target for the company. Finally, Macquarie upgraded Caesars Entertainment Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $10.00 to $13.00 in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Caesars Entertainment Corporation currently has an average rating of “Hold” and a consensus price target of $14.90.
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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.
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