BidaskClub lowered shares of Caesars Entertainment Corporation (NASDAQ:CZR) from a buy rating to a hold rating in a research report report published on Tuesday.

Several other equities research analysts have also recently weighed in on CZR. ValuEngine cut shares of Caesars Entertainment Corporation from a hold rating to a sell rating in a research report on Monday, October 2nd. Nomura began coverage on shares of Caesars Entertainment Corporation in a report on Friday, October 6th. They issued a neutral rating and a $14.00 target price for the company. Zacks Investment Research cut shares of Caesars Entertainment Corporation from a buy rating to a hold rating in a report on Monday, October 2nd. Instinet began coverage on shares of Caesars Entertainment Corporation in a report on Friday, October 6th. They issued a neutral rating and a $14.00 target price for the company. Finally, Wolfe Research began coverage on shares of Caesars Entertainment Corporation in a report on Friday, July 21st. They issued an outperform rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $14.39.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) opened at 12.35 on Tuesday. The firm’s market cap is $1.84 billion. The company’s 50 day moving average is $12.14 and its 200-day moving average is $11.63. 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 posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) earnings per share 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 predict that Caesars Entertainment Corporation will post $0.06 EPS for the current year.

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Several hedge funds have recently bought and sold shares of the company. KCG Holdings Inc. acquired a new position in shares of Caesars Entertainment Corporation in the first quarter valued at approximately $116,000. BNP Paribas Arbitrage SA increased its stake in shares of Caesars Entertainment Corporation by 88.0% in the second quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock valued at $125,000 after buying an additional 4,892 shares during the period. Quantbot Technologies LP increased its stake in shares of Caesars Entertainment Corporation by 647.9% in the second quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock valued at $145,000 after buying an additional 10,496 shares during the period. Airain ltd acquired a new position in shares of Caesars Entertainment Corporation in the second quarter valued at approximately $161,000. Finally, Karp Capital Management Corp acquired a new position in shares of Caesars Entertainment Corporation in the first quarter valued at approximately $177,000. 76.68% 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 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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