Caesars Entertainment (CZR) Downgraded to “Sell” at BidaskClub

BidaskClub downgraded shares of Caesars Entertainment (NASDAQ:CZR) from a hold rating to a sell rating in a research note issued to investors on Tuesday, November 14th.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Caesars Entertainment from a hold rating to a buy rating and set a $13.00 price objective on the stock in a report on Tuesday, August 8th. SunTrust Banks started coverage on Caesars Entertainment in a research report on Friday, September 15th. They issued a buy rating and a $14.00 target price on the stock. ValuEngine upgraded Caesars Entertainment from a sell rating to a hold rating in a research report on Friday, September 1st. Instinet started coverage on Caesars Entertainment in a research report on Friday, October 6th. They issued a neutral rating and a $14.00 target price on the stock. Finally, Nomura started coverage on Caesars Entertainment in a research report on Friday, October 6th. They issued a neutral rating and a $14.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Caesars Entertainment has an average rating of Hold and an average target price of $14.39.

Shares of Caesars Entertainment (NASDAQ CZR) remained flat at $$13.25 during trading on Tuesday. The stock had a trading volume of 12,808,529 shares, compared to its average volume of 8,886,518. Caesars Entertainment has a 1 year low of $7.05 and a 1 year 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.

A number of hedge funds and other institutional investors have recently bought and sold shares of CZR. Davidson Kempner Capital Management LP acquired a new stake in shares of Caesars Entertainment in the 2nd quarter worth $5,378,000. Hosking Partners LLP acquired a new stake in shares of Caesars Entertainment in the 2nd quarter worth $4,409,000. American International Group Inc. increased its stake in shares of Caesars Entertainment by 7.1% in the 1st quarter. American International Group Inc. now owns 34,743 shares of the company’s stock worth $332,000 after acquiring an additional 2,295 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new stake in shares of Caesars Entertainment in the 2nd quarter worth $7,628,000. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Caesars Entertainment in the 2nd quarter worth $18,119,000. 20.47% of the stock is owned by hedge funds and other institutional investors.

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Caesars Entertainment 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.

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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