BidaskClub upgraded shares of Caesars Entertainment (NASDAQ:CZR) from a sell rating to a hold rating in a research note published on Saturday, BidAskClub reports.

Other analysts have also recently issued reports about the stock. Credit Suisse Group reaffirmed an outperform rating and set a $13.00 target price on shares of Caesars Entertainment in a report on Wednesday, March 20th. Zacks Investment Research cut shares of Caesars Entertainment from a hold rating to a sell rating in a report on Thursday, January 3rd. Deutsche Bank reduced their target price on shares of Caesars Entertainment from $13.00 to $11.00 and set a buy rating for the company in a report on Monday, January 7th. Bank of America cut shares of Caesars Entertainment from a buy rating to a neutral rating and upped their target price for the company from $8.75 to $9.00 in a report on Wednesday, January 16th. Finally, ValuEngine raised shares of Caesars Entertainment from a sell rating to a hold rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $11.75.

CZR opened at $9.38 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 1.13 and a quick ratio of 1.11. Caesars Entertainment has a twelve month low of $5.84 and a twelve month high of $13.54. The company has a market cap of $6.15 billion, a PE ratio of -49.37 and a beta of 1.20.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Thursday, February 21st. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.08). Caesars Entertainment had a net margin of 3.61% and a negative return on equity of 4.12%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the firm earned $2.48 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, research analysts predict that Caesars Entertainment will post -0.41 EPS for the current fiscal year.

In other Caesars Entertainment news, VP Les Ottolenghi sold 51,720 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $8.59, for a total value of $444,274.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 97,460 shares of company stock valued at $840,337. 0.92% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CZR. First Trust Advisors LP bought a new position in shares of Caesars Entertainment in the third quarter worth approximately $217,000. Bank of New York Mellon Corp boosted its position in shares of Caesars Entertainment by 32.4% in the third quarter. Bank of New York Mellon Corp now owns 1,766,806 shares of the company’s stock worth $18,110,000 after purchasing an additional 432,426 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Caesars Entertainment by 6.3% in the third quarter. Dimensional Fund Advisors LP now owns 702,517 shares of the company’s stock worth $7,198,000 after purchasing an additional 41,632 shares during the period. United Services Automobile Association boosted its position in shares of Caesars Entertainment by 316.4% in the third quarter. United Services Automobile Association now owns 88,936 shares of the company’s stock worth $912,000 after purchasing an additional 67,579 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Caesars Entertainment by 12.9% in the third quarter. Hsbc Holdings PLC now owns 106,960 shares of the company’s stock worth $1,097,000 after purchasing an additional 12,251 shares during the period.

Caesars Entertainment Company Profile

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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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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