Instinet initiated coverage on shares of Caesars Entertainment Corporation (NASDAQ:CZR) in a research report sent to investors on Friday. The firm issued a neutral rating and a $14.00 price objective on the stock.

Several other equities analysts also recently commented on the stock. Nomura assumed coverage on shares of Caesars Entertainment Corporation in a research note on Friday. They issued a neutral rating and a $14.00 price target on the stock. BidaskClub upgraded shares of Caesars Entertainment Corporation from a hold rating to a buy rating in a research note on Tuesday, October 3rd. ValuEngine downgraded shares of Caesars Entertainment Corporation from a hold rating to a sell rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Caesars Entertainment Corporation from a buy rating to a hold rating in a research note on Monday, October 2nd. Finally, SunTrust Banks, Inc. assumed coverage on shares of Caesars Entertainment Corporation in a research note on Friday, September 15th. They issued a buy rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $14.39.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) opened at 12.80 on Friday. The firm’s market capitalization is $1.91 billion. The stock’s 50 day moving average is $12.08 and its 200 day moving average is $11.55. Caesars Entertainment Corporation has a 12 month low of $6.70 and a 12 month high of $13.60.

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

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Institutional investors have recently made changes to their positions in the business. KCG Holdings Inc. acquired a new stake in Caesars Entertainment Corporation during the first quarter worth about $116,000. BNP Paribas Arbitrage SA grew 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 worth $125,000 after buying an additional 4,892 shares in the last quarter. Quantbot Technologies LP grew 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 worth $145,000 after buying an additional 10,496 shares in the last quarter. Airain ltd acquired a new stake in Caesars Entertainment Corporation during the second quarter worth about $161,000. Finally, Karp Capital Management Corp acquired a new stake in Caesars Entertainment Corporation during the first quarter worth about $177,000. Hedge funds and other institutional investors own 76.68% of the company’s stock.

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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