Caesars Entertainment Corporation (CZR) Given Average Rating of “Hold” by Analysts

Caesars Entertainment Corporation (NASDAQ:CZR) has been assigned an average recommendation of “Hold” from the eleven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $14.56.

CZR has been the subject of several analyst reports. BidaskClub downgraded Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, September 8th. Imperial Capital initiated coverage on Caesars Entertainment Corporation in a research note on Wednesday, July 19th. They issued an “outperform” rating and a $15.50 price objective for the company. SunTrust Banks, Inc. initiated coverage on Caesars Entertainment Corporation in a research note on Friday, September 15th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, ValuEngine raised Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.

Several institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of Caesars Entertainment Corporation by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 47,153 shares of the company’s stock valued at $566,000 after acquiring an additional 118 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Caesars Entertainment Corporation by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 90,530 shares of the company’s stock valued at $1,088,000 after acquiring an additional 1,110 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Caesars Entertainment Corporation by 3.0% during the first quarter. Wells Fargo & Company MN now owns 43,804 shares of the company’s stock valued at $418,000 after acquiring an additional 1,273 shares during the last quarter. American International Group Inc. increased its position in shares of Caesars Entertainment Corporation by 7.1% during the first quarter. American International Group Inc. now owns 34,743 shares of the company’s stock valued at $332,000 after acquiring an additional 2,295 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Caesars Entertainment Corporation by 10.1% during the first quarter. Metropolitan Life Insurance Co. NY now owns 38,533 shares of the company’s stock valued at $368,000 after acquiring an additional 3,525 shares during the last quarter. 76.69% of the stock is owned by institutional investors.

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Shares of Caesars Entertainment Corporation (NASDAQ CZR) opened at 12.30 on Friday. The firm’s market cap is $1.83 billion. Caesars Entertainment Corporation has a 12 month low of $6.70 and a 12 month high of $13.60. The company has a 50-day moving average price of $12.37 and a 200-day moving average price of $11.83.

Caesars Entertainment Corporation (NASDAQ:CZR) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.47). The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Analysts forecast that Caesars Entertainment Corporation will post $0.05 earnings per share for the current fiscal year.

About Caesars Entertainment Corporation

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 Corporation (NASDAQ:CZR)

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