Shares of Caesars Entertainment Co. (NASDAQ:CZR) traded up 6.2% during mid-day trading on Thursday . The stock traded as high as $8.98 and last traded at $8.89. 37,194,527 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 28,550,088 shares. The stock had previously closed at $8.37.

Several equities analysts recently weighed in on CZR shares. Credit Suisse Group restated an “outperform” rating and set a $13.00 price target on shares of Caesars Entertainment in a research report on Wednesday. Zacks Investment Research lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. BidaskClub upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Deutsche Bank reduced their price target on shares of Caesars Entertainment from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 7th. Finally, Bank of America lowered shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and increased their price target for the company from $8.75 to $9.00 in a research report on Wednesday, January 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.75.

The company has a debt-to-equity ratio of 5.65, a quick ratio of 1.11 and a current ratio of 1.13. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of -45.63 and a beta of 1.20.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Thursday, February 21st. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.11 billion. Caesars Entertainment had a negative return on equity of 4.12% and a net margin of 3.61%. Caesars Entertainment’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 EPS. On average, equities analysts forecast that Caesars Entertainment Co. will post -0.35 earnings per share for the current fiscal year.

In other Caesars Entertainment news, VP Les Ottolenghi sold 51,720 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $8.59, for a total transaction of $444,274.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 97,460 shares of company stock valued at $840,337 in the last quarter. Company insiders own 0.92% of the company’s stock.

A number of large investors have recently modified their holdings of the business. AlphaCrest Capital Management LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter worth about $74,000. Lehman & Derafelo Financial Resources LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter worth about $75,000. Alps Advisors Inc. purchased a new stake in shares of Caesars Entertainment in the fourth quarter worth about $85,000. OLD Mission Capital LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter worth about $88,000. Finally, IHT Wealth Management LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter worth about $88,000.

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Caesars Entertainment Company Profile (NASDAQ:CZR)

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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