Caesars Entertainment Co. (NASDAQ:CZR) has been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $11.68.

Several research firms recently commented on CZR. TheStreet downgraded Caesars Entertainment from a “c-” rating to a “d+” rating in a report on Tuesday, October 29th. ValuEngine downgraded Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub upgraded Caesars Entertainment from a “hold” rating to a “buy” rating in a report on Tuesday. Deutsche Bank set a $13.00 price objective on Caesars Entertainment and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Zacks Investment Research downgraded Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Monday, November 11th.

Institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC bought a new stake in shares of Caesars Entertainment during the 2nd quarter valued at about $26,000. Machina Capital S.A.S. bought a new stake in shares of Caesars Entertainment during the 2nd quarter valued at about $53,000. Glassman Wealth Services bought a new stake in shares of Caesars Entertainment during the 2nd quarter valued at about $54,000. Cerebellum GP LLC bought a new stake in shares of Caesars Entertainment during the 3rd quarter valued at about $127,000. Finally, Creative Planning bought a new stake in shares of Caesars Entertainment during the 2nd quarter valued at about $146,000.

Shares of NASDAQ:CZR traded down $0.01 on Friday, hitting $13.05. 262,972 shares of the company traded hands, compared to its average volume of 9,035,171. Caesars Entertainment has a 52 week low of $5.84 and a 52 week high of $13.07. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 7.52. The stock has a 50 day simple moving average of $12.18 and a 200-day simple moving average of $11.19. The company has a market cap of $8.82 billion, a PE ratio of -68.58 and a beta of 1.50.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.49). Caesars Entertainment had a negative net margin of 7.98% and a negative return on equity of 14.01%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. Caesars Entertainment’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caesars Entertainment will post -0.76 earnings per share for the current year.

About Caesars Entertainment

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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