Zacks Investment Research lowered shares of Caesars Entertainment Corporation (NASDAQ:CZR) from a buy rating to a hold rating in a research note published on Monday morning.

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. “

Several other analysts also recently weighed in on the company. BidaskClub downgraded Caesars Entertainment Corporation from a buy rating to a hold rating in a research report on Wednesday, July 5th. Imperial Capital started coverage on Caesars Entertainment Corporation in a research report on Wednesday, July 19th. They set an outperform rating and a $15.50 target price for the company. SunTrust Banks, Inc. started coverage on Caesars Entertainment Corporation in a research report on Friday, September 15th. They set a buy rating and a $14.00 target price for the company. ValuEngine upgraded Caesars Entertainment Corporation from a sell rating to a hold rating in a research report on Friday, September 1st. Finally, Wolfe Research assumed coverage on Caesars Entertainment Corporation in a report on Friday, July 21st. They issued an outperform rating and a $16.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $14.50.

Shares of Caesars Entertainment Corporation (CZR) traded up 0.187% on Monday, reaching $13.425. 251,949 shares of the company’s stock traded hands. Caesars Entertainment Corporation has a 12-month low of $6.70 and a 12-month high of $13.60. The stock has a 50-day moving average of $12.02 and a 200 day moving average of $11.52. The firm’s market cap is $2.00 billion. Caesars Entertainment Corporation also was the target of unusually large options trading on Monday. Stock traders acquired 34,294 call options on the stock. This represents an increase of 1,002% compared to the average daily volume of 3,111 call options.

Caesars Entertainment Corporation (NASDAQ:CZR) last released its earnings results on Thursday, August 3rd. The company reported ($0.21) earnings per share 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 analyst estimates of $2.11 billion. On average, equities research analysts expect that Caesars Entertainment Corporation will post $0.06 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its holdings in shares of Caesars Entertainment Corporation 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 Corporation 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. KCG Holdings Inc. bought a new stake in shares of Caesars Entertainment Corporation in the first quarter valued at about $116,000. Airain ltd bought a new stake in shares of Caesars Entertainment Corporation in the second quarter valued at about $161,000. Finally, Stevens Capital Management LP bought a new stake in shares of Caesars Entertainment Corporation in the first quarter valued at about $156,000. Hedge funds and other institutional investors own 76.68% of the company’s stock.

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 facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.

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Analyst Recommendations for Caesars Entertainment Corporation (NASDAQ:CZR)

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