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

CZR has been the topic of a number of other research reports. CIBC started coverage on Caesars Entertainment Corporation in a research note on Thursday, June 1st. They issued an outperform rating and a $15.00 target price on the stock. ValuEngine upgraded Caesars Entertainment Corporation from a sell rating to a hold rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. started coverage on Caesars Entertainment Corporation in a research note on Thursday, June 1st. They issued an outperform rating and a $15.00 target price on the stock. Macquarie upgraded Caesars Entertainment Corporation from a neutral rating to an outperform rating and boosted their target price for the stock from $10.00 to $13.00 in a research note on Thursday, April 20th. Finally, Wolfe Research started coverage on Caesars Entertainment Corporation in a research note on Friday, July 21st. They issued an outperform rating and a $16.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $14.90.

Caesars Entertainment Corporation (CZR) traded down 2.75% during mid-day trading on Tuesday, reaching $12.40. The company’s stock had a trading volume of 2,449,229 shares. Caesars Entertainment Corporation has a 52-week low of $5.39 and a 52-week high of $13.45. The firm has a 50 day moving average price of $12.46 and a 200 day moving average price of $10.54. The company’s market cap is $1.84 billion.

Caesars Entertainment Corporation (NASDAQ:CZR) last announced its earnings results on Tuesday, May 2nd. The company reported ($3.71) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by $4.25. The firm had revenue of $963 million during the quarter. Equities research analysts anticipate that Caesars Entertainment Corporation will post ($0.39) earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the stock. NGAM Advisors L.P. purchased a new position in Caesars Entertainment Corporation during the second quarter valued at approximately $2,047,000. Russell Investments Group Ltd. purchased a new position in Caesars Entertainment Corporation during the second quarter valued at approximately $586,000. Point72 Asset Management L.P. increased its position in Caesars Entertainment Corporation by 167.2% in the first quarter. Point72 Asset Management L.P. now owns 1,435,644 shares of the company’s stock valued at $13,710,000 after buying an additional 898,444 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in Caesars Entertainment Corporation by 10.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 38,533 shares of the company’s stock valued at $368,000 after buying an additional 3,525 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Caesars Entertainment Corporation by 537.2% in the first quarter. Bank of America Corp DE now owns 270,663 shares of the company’s stock valued at $2,585,000 after buying an additional 332,569 shares during the last quarter. Institutional investors and hedge funds own 67.43% of the company’s stock.

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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