Caesars Entertainment (NASDAQ:CZR) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

Several other equities research analysts have also recently issued reports on CZR. ValuEngine upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. SunTrust Banks started coverage on shares of Caesars Entertainment in a research report on Friday, September 15th. They set a “buy” rating and a $14.00 price objective on the stock. Nomura assumed coverage on shares of Caesars Entertainment in a research report on Friday, October 6th. They set a “neutral” rating and a $14.00 price objective on the stock. Finally, Instinet assumed coverage on shares of Caesars Entertainment in a report on Friday, October 6th. They issued a “neutral” rating and a $14.00 target price for the company. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.39.

Shares of Caesars Entertainment (NASDAQ:CZR) opened at $12.60 on Friday. Caesars Entertainment has a one year low of $7.05 and a one year high of $13.60. The company has a debt-to-equity ratio of -1.69, a current ratio of 0.48 and a quick ratio of 0.48.

In related news, Director John M. Boushy bought 20,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average cost of $12.64 per share, with a total value of $252,800.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at $252,800. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Janis L. Jones sold 26,131 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total transaction of $336,044.66. The disclosure for this sale can be found here. 4.60% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of CZR. BNP Paribas Arbitrage SA raised its holdings in shares of Caesars Entertainment 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 acquiring an additional 4,892 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Caesars Entertainment 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 acquiring an additional 10,496 shares in the last quarter. Airain ltd bought a new stake in shares of Caesars Entertainment in the second quarter valued at about $161,000. Stevens Capital Management LP bought a new stake in shares of Caesars Entertainment in the third quarter valued at about $185,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Caesars Entertainment in the third quarter valued at about $284,000. 20.47% of the stock is owned by hedge funds and other institutional investors.

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About Caesars Entertainment

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 resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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