Caesars Entertainment Corporation (NASDAQ:CZR) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.

CZR has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Nomura started coverage on shares of Caesars Entertainment Corporation in a research report on Friday, October 6th. They set a “neutral” rating and a $14.00 price objective for the company. ValuEngine lowered shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. 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 price objective for the company. Finally, Instinet started coverage on shares of Caesars Entertainment Corporation in a research report on Friday, October 6th. They set a “neutral” rating and a $14.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.39.

Caesars Entertainment Corporation (NASDAQ CZR) opened at $12.40 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of -1.69. Caesars Entertainment Corporation has a 52-week low of $6.85 and a 52-week high of $13.60.

COPYRIGHT VIOLATION NOTICE: This report was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/11/14/caesars-entertainment-corporation-czr-downgraded-by-bidaskclub.html.

Large investors have recently bought and sold shares of the stock. Davidson Kempner Capital Management LP acquired a new position in Caesars Entertainment Corporation in the second quarter worth about $5,378,000. Hosking Partners LLP acquired a new position in Caesars Entertainment Corporation in the second quarter worth about $4,409,000. American International Group Inc. raised its position in Caesars Entertainment Corporation by 7.1% in the first quarter. American International Group Inc. now owns 34,743 shares of the company’s stock worth $332,000 after purchasing an additional 2,295 shares in the last quarter. Monarch Partners Asset Management LLC acquired a new position in Caesars Entertainment Corporation in the second quarter worth about $7,628,000. Finally, Eagle Asset Management Inc. acquired a new position in Caesars Entertainment Corporation in the second quarter worth about $18,119,000. 16.62% of the stock is 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 resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.

Analyst Recommendations for Caesars Entertainment Corporation (NASDAQ:CZR)

Receive News & Stock Ratings for Caesars Entertainment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment Corporation and related stocks with our FREE daily email newsletter.