Caesars Entertainment Corporation (CZR) Research Coverage Started at Nomura

Nomura started coverage on shares of Caesars Entertainment Corporation (NASDAQ:CZR) in a research report sent to investors on Friday, October 6th, Marketbeat reports. The firm issued a neutral rating and a $14.00 price target on the stock.

A number of other research firms also recently weighed in on CZR. BidaskClub downgraded Caesars Entertainment Corporation from a buy rating to a hold rating in a research report 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 report on Friday, September 8th. Imperial Capital initiated coverage on Caesars Entertainment Corporation in a research report on Wednesday, July 19th. They set an outperform rating and a $15.50 price objective for the company. SunTrust Banks, Inc. initiated coverage on Caesars Entertainment Corporation in a research report on Friday, September 15th. They set a buy rating and a $14.00 price target for the company. Finally, ValuEngine raised Caesars Entertainment Corporation from a sell rating to a hold rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Caesars Entertainment Corporation currently has a consensus rating of Hold and an average price target of $14.39.

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 firm has a 50-day moving average of $12.29 and a 200 day moving average of $11.73.

Caesars Entertainment Corporation (NASDAQ:CZR) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 anticipate that Caesars Entertainment Corporation will post $0.06 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC boosted its holdings in shares of Caesars Entertainment Corporation by 9.1% in the 4th quarter. Teachers Advisors LLC now owns 92,597 shares of the company’s stock valued at $787,000 after purchasing an additional 7,695 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Caesars Entertainment Corporation by 3.0% during the 1st 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 in the last quarter. First Trust Advisors LP boosted its holdings in shares of Caesars Entertainment Corporation by 128.5% during the 1st quarter. First Trust Advisors LP now owns 132,959 shares of the company’s stock valued at $1,270,000 after acquiring an additional 74,779 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Caesars Entertainment Corporation by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 251,600 shares of the company’s stock valued at $2,402,000 after acquiring an additional 7,589 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Caesars Entertainment Corporation by 8.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 47,571 shares of the company’s stock valued at $454,000 after acquiring an additional 3,800 shares in the last quarter. Hedge funds and other institutional investors own 76.68% of the company’s stock.

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

Analyst Recommendations for Caesars Entertainment Corporation (NASDAQ:CZR)

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