Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Caesars Entertainment Corporation (CZR) Stock Price
Media stories about Caesars Entertainment Corporation (NASDAQ:CZR) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Caesars Entertainment Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.7337503130025 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Casino company Empire City explores alternatives (reuters.com)
- Report: Caesars Looking to Buy Indiana Racinos (insideindianabusiness.com)
- Caesars said to be close to huge Indiana casino deal (seekingalpha.com)
- Ceasars Goes All in on Japan With Plans for Two Resort Concepts (finance.yahoo.com)
- Beta Factor to Watch – Caesars Entertainment Corporation, (NASDAQ: CZR) – Stock Watch (stocksnewstimes.com)
Shares of Caesars Entertainment Corporation (NASDAQ CZR) traded down $0.10 during midday trading on Thursday, hitting $12.75. 5,320,000 shares of the company’s stock were exchanged, compared to its average volume of 12,240,000. Caesars Entertainment Corporation has a fifty-two week low of $6.85 and a fifty-two week high of $13.60. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of -1.69.
Several research firms have issued reports on CZR. BidaskClub lowered shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Instinet began coverage on shares of Caesars Entertainment Corporation in a report on Friday, October 6th. They set a “neutral” rating and a $14.00 target price for the company. Nomura began coverage on shares of Caesars Entertainment Corporation in a report on Friday, October 6th. They set a “neutral” rating and a $14.00 target price for the company. ValuEngine lowered shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Caesars Entertainment Corporation currently has an average rating of “Hold” and a consensus price target of $14.39.
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 resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
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