SunTrust Banks, Inc. started coverage on shares of Caesars Entertainment Corporation (NASDAQ:CZR) in a research note issued to investors on Friday morning. The firm issued a buy rating and a $14.00 price target on the stock.

Several other research analysts have also recently weighed in on the company. ValuEngine cut Caesars Entertainment Corporation from a hold rating to a sell rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Caesars Entertainment Corporation from a hold rating to a buy rating and set a $13.00 target price for the company in a research note on Friday, September 8th. BidaskClub cut Caesars Entertainment Corporation from a hold rating to a sell rating in a research note on Friday, August 25th. Wolfe Research assumed coverage on Caesars Entertainment Corporation in a research note on Friday, July 21st. They set an outperform rating and a $16.00 target price for the company. Finally, Oppenheimer Holdings, Inc. assumed 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $14.50.

Shares of Caesars Entertainment Corporation (CZR) traded up 0.84% during midday trading on Friday, hitting $11.95. 4,959,042 shares of the company’s stock traded hands. The stock’s market cap is $1.78 billion. The company has a 50 day moving average of $11.77 and a 200 day moving average of $11.20. Caesars Entertainment Corporation has a 52 week low of $6.61 and a 52 week high of $13.45.

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

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Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its stake 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 valued at $125,000 after buying an additional 4,892 shares in the last quarter. Quantbot Technologies LP boosted its stake in Caesars Entertainment Corporation by 647.9% during the second quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock valued at $145,000 after buying an additional 10,496 shares in the last quarter. KCG Holdings Inc. bought a new position in Caesars Entertainment Corporation during the first quarter valued at about $116,000. Airain ltd bought a new position in Caesars Entertainment Corporation during the second quarter valued at about $161,000. Finally, Stevens Capital Management LP bought a new position in Caesars Entertainment Corporation during the first quarter valued at about $156,000. 76.68% of the stock is owned by institutional investors and hedge funds.

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 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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