Caesars Entertainment Corporation (NASDAQ:CZR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a $13.00 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 13.04% from the company’s current price.

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. “

A number of other research analysts also recently issued reports on CZR. BidaskClub downgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. ValuEngine upgraded shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Wolfe Research started coverage on shares of Caesars Entertainment Corporation in a research report on Friday, July 21st. They set an “outperform” rating and a $16.00 target price on the stock. Oppenheimer Holdings, Inc. started coverage on shares of Caesars Entertainment Corporation in a research report on Thursday, June 1st. They set an “outperform” rating and a $15.00 target price on the stock. Finally, CIBC started coverage on shares of Caesars Entertainment Corporation in a research report on Thursday, June 1st. They set an “outperform” rating and a $15.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.58.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) opened at 11.50 on Friday. The firm’s market capitalization is $1.72 billion. The firm has a 50-day moving average of $11.91 and a 200 day moving average of $11.10. Caesars Entertainment Corporation has a 12-month low of $6.16 and a 12-month high of $13.45.

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

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA raised its holdings in Caesars Entertainment Corporation by 88.0% during the second quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock worth $125,000 after buying an additional 4,892 shares during the last quarter. Quantbot Technologies LP raised its holdings in Caesars Entertainment Corporation by 647.9% during the second quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock worth $145,000 after buying an additional 10,496 shares during the last quarter. KCG Holdings Inc. acquired a new position in Caesars Entertainment Corporation during the first quarter worth $116,000. Airain ltd acquired a new position in Caesars Entertainment Corporation during the second quarter worth $161,000. Finally, Stevens Capital Management LP acquired a new position in Caesars Entertainment Corporation during the first quarter worth $156,000. Hedge funds and other institutional investors own 76.68% of the company’s stock.

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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