BidaskClub Upgrades Caesars Entertainment (CZR) to “Sell”

BidaskClub Upgrades Caesars Entertainment (CZR) to “Sell”

Caesars Entertainment (NASDAQ:CZR) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

Several other analysts also recently weighed in on CZR. SunTrust Banks reaffirmed an “average” rating and set a $16.00 price target on shares of Caesars Entertainment in a research note on Monday, February 5th. Oppenheimer reaffirmed a “buy” rating and set a $15.00 price target on shares of Caesars Entertainment in a research note on Thursday, November 30th. Zacks Investment Research raised shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Jefferies Group began coverage on shares of Caesars Entertainment in a research note on Thursday, January 18th. They set a “hold” rating and a $14.00 price target for the company. Finally, ValuEngine downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.55.

Shares of Caesars Entertainment (CZR) opened at $13.20 on Friday. The company has a debt-to-equity ratio of -1.69, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market cap of $9,290.00, a PE ratio of -0.65 and a beta of 0.26. Caesars Entertainment has a 12 month low of $9.00 and a 12 month high of $14.50.

In related news, EVP Janis L. Jones sold 26,131 shares of Caesars Entertainment stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total transaction of $336,044.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John M. Boushy acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of $12.64 per share, for a total transaction of $252,800.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $252,800. The disclosure for this purchase can be found here. Company insiders own 4.60% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Davidson Kempner Capital Management LP purchased a new position in Caesars Entertainment during the second quarter valued at approximately $5,378,000. DSAM Partners London Ltd increased its holdings in Caesars Entertainment by 56.8% during the third quarter. DSAM Partners London Ltd now owns 1,317,879 shares of the company’s stock valued at $17,594,000 after buying an additional 477,646 shares during the period. Vanguard Group Inc. grew its holdings in Caesars Entertainment by 7.6% in the second quarter. Vanguard Group Inc. now owns 4,910,696 shares of the company’s stock worth $58,929,000 after purchasing an additional 346,270 shares during the last quarter. 1060 Capital LLC purchased a new position in Caesars Entertainment in the third quarter worth $12,015,000. Finally, Northern Trust Corp grew its holdings in Caesars Entertainment by 4.3% in the second quarter. Northern Trust Corp now owns 629,548 shares of the company’s stock worth $7,555,000 after purchasing an additional 25,709 shares during the last quarter. 20.78% of the stock is currently owned by 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)

Receive News & Ratings for Caesars Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Caesars Entertainment (NASDAQ:CZR) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Saturday.

CZR has been the subject of several other reports. ValuEngine downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Oppenheimer reiterated a “buy” rating and set a $15.00 price objective on shares of Caesars Entertainment in a research note on Thursday, November 30th. SunTrust Banks reiterated an “average” rating and set a $16.00 price objective on shares of Caesars Entertainment in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, Jefferies Group started coverage on shares of Caesars Entertainment in a research note on Thursday, January 18th. They set a “hold” rating and a $14.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.55.

Caesars Entertainment (CZR) opened at $13.20 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of -1.69. Caesars Entertainment has a 1-year low of $9.00 and a 1-year high of $14.50. The stock has a market cap of $9,290.00, a price-to-earnings ratio of -0.65 and a beta of 0.26.

In other Caesars Entertainment news, Director John M. Boushy bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average cost of $12.64 per share, for a total transaction of $252,800.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $252,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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. Insiders own 4.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Farmstead Capital Management LLC acquired a new position in shares of Caesars Entertainment in the fourth quarter worth about $20,261,000. MetLife Investment Advisors LLC acquired a new position in shares of Caesars Entertainment in the fourth quarter worth about $802,000. Pacific Grove Capital LP raised its position in shares of Caesars Entertainment by 82.2% in the fourth quarter. Pacific Grove Capital LP now owns 288,536 shares of the company’s stock worth $3,650,000 after acquiring an additional 130,136 shares during the period. Sound Point Capital Management LP acquired a new position in shares of Caesars Entertainment in the fourth quarter worth about $14,301,000. Finally, Cowen Inc. raised its position in shares of Caesars Entertainment by 2,397.6% in the fourth quarter. Cowen Inc. now owns 624,399 shares of the company’s stock worth $7,899,000 after acquiring an additional 599,399 shares during the period. Institutional investors own 20.78% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/19/bidaskclub-upgrades-caesars-entertainment-czr-to-sell.html.

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)

Receive News & Ratings for Caesars Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

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