Weekly Investment Analysts’ Ratings Updates for Caesars Entertainment (CZR)

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A number of firms have modified their ratings and price targets on shares of Caesars Entertainment (NASDAQ: CZR) recently:

  • 1/11/2019 – Caesars Entertainment was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/10/2019 – Caesars Entertainment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Caesars Entertainment Corporation is a gaming company engaged in providing casino entertainment services. The Company operates casino resorts on multiple continents and its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, managed casinos, combination greyhound racetrack and casino, combination thoroughbred racetrack and casino, and harness racetrack and casino, hotel and convention space, restaurants, and non-gaming entertainment facilities. Its resorts operate primarily under the Harrah’s(TM), Caesars(TM) and Horseshoe(TM) brand names. Caesars Entertainment Corporation is based in Las Vegas, Nevada. “
  • 1/7/2019 – Caesars Entertainment had its price target lowered by analysts at Deutsche Bank AG from $13.00 to $11.00. They now have a “buy” rating on the stock.
  • 1/3/2019 – Caesars Entertainment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Caesars Entertainment Corporation is a gaming company engaged in providing casino entertainment services. The Company operates casino resorts on multiple continents and its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, managed casinos, combination greyhound racetrack and casino, combination thoroughbred racetrack and casino, and harness racetrack and casino, hotel and convention space, restaurants, and non-gaming entertainment facilities. Its resorts operate primarily under the Harrah’s(TM), Caesars(TM) and Horseshoe(TM) brand names. Caesars Entertainment Corporation is based in Las Vegas, Nevada. “
  • 1/2/2019 – Caesars Entertainment was upgraded by analysts at UBS Group AG from a “sell” rating to a “neutral” rating. They now have a $7.00 price target on the stock, down previously from $9.00.
  • 12/13/2018 – Caesars Entertainment was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 11/15/2018 – Caesars Entertainment is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating on the stock.

Shares of CZR stock traded up $0.64 during trading hours on Friday, hitting $8.63. 3,543,201 shares of the company’s stock were exchanged, compared to its average volume of 19,457,836. The company has a market capitalization of $5.21 billion, a PE ratio of -2.56 and a beta of 0.94. Caesars Entertainment Co. has a 12-month low of $5.84 and a 12-month high of $14.50. The company has a debt-to-equity ratio of 5.93, a quick ratio of 1.14 and a current ratio of 1.16.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Thursday, November 1st. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.19 billion. Caesars Entertainment had a net margin of 25.75% and a return on equity of 2.26%. On average, research analysts predict that Caesars Entertainment Co. will post 0.06 EPS for the current year.

In other Caesars Entertainment news, Director Don R. Kornstein purchased 20,000 shares of the firm’s stock in a transaction on Friday, December 21st. The shares were purchased at an average cost of $6.29 per share, with a total value of $125,800.00. Following the completion of the purchase, the director now owns 88,552 shares of the company’s stock, valued at approximately $556,992.08. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marco Roca sold 17,834 shares of Caesars Entertainment stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $8.21, for a total transaction of $146,417.14. The disclosure for this sale can be found here. Insiders have acquired 81,000 shares of company stock worth $585,190 over the last three months. Insiders own 0.92% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Levin Capital Strategies L.P. purchased a new position in shares of Caesars Entertainment in the third quarter worth $102,000. Lehman Financial Resources Inc. purchased a new position in Caesars Entertainment during the 3rd quarter valued at $123,000. Hsbc Holdings PLC increased its position in Caesars Entertainment by 12.9% during the 3rd quarter. Hsbc Holdings PLC now owns 106,960 shares of the company’s stock valued at $1,097,000 after purchasing an additional 12,251 shares during the period. Oppenheimer Asset Management Inc. increased its position in Caesars Entertainment by 96.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,401 shares of the company’s stock valued at $260,000 after purchasing an additional 12,490 shares during the period. Finally, Oakbrook Investments LLC purchased a new position in Caesars Entertainment during the 3rd quarter valued at $148,000.

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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