BidaskClub upgraded shares of Caesars Entertainment Corporation (NASDAQ:CZR) from a sell rating to a hold rating in a research note issued to investors on Monday.

Other equities research analysts have also issued research reports about the company. Imperial Capital began coverage on Caesars Entertainment Corporation in a research report on Wednesday, July 19th. They issued an outperform rating and a $15.50 target price on the stock. Wolfe Research began coverage on Caesars Entertainment Corporation in a research report on Friday, July 21st. They issued an outperform rating and a $16.00 target price on the stock. ValuEngine lowered Caesars Entertainment Corporation from a hold rating to a sell rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Caesars Entertainment Corporation from a hold rating to a sell rating in a research report on Tuesday, August 1st. Finally, SunTrust Banks, Inc. began coverage on Caesars Entertainment Corporation in a research report on Friday, September 15th. They issued a buy rating and a $14.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Caesars Entertainment Corporation currently has an average rating of Buy and an average target price of $14.50.

Caesars Entertainment Corporation (NASDAQ CZR) opened at 12.675 on Monday. The firm’s market cap is $1.89 billion. The stock has a 50 day moving average price of $11.76 and a 200-day moving average price of $11.26. Caesars Entertainment Corporation has a one year low of $6.61 and a one year high of $13.45.

Caesars Entertainment Corporation (NASDAQ:CZR) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.47). The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $2.11 billion. Analysts predict that Caesars Entertainment Corporation will post $0.06 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of the business. Davidson Kempner Capital Management LP acquired a new position in shares of Caesars Entertainment Corporation during the 2nd quarter worth approximately $5,378,000. The Manufacturers Life Insurance Company increased its position in shares of Caesars Entertainment Corporation by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 47,153 shares of the company’s stock worth $566,000 after purchasing an additional 118 shares during the last quarter. C M Bidwell & Associates Ltd. increased its position in shares of Caesars Entertainment Corporation by 29.3% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 27,420 shares of the company’s stock worth $329,000 after purchasing an additional 6,215 shares during the last quarter. Caxton Associates LP acquired a new position in shares of Caesars Entertainment Corporation during the 2nd quarter worth approximately $3,323,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Caesars Entertainment Corporation during the 2nd quarter worth approximately $973,000. 76.68% of the stock is currently owned by hedge funds and other 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 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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