Instinet Begins Coverage on Caesars Entertainment Corporation (NASDAQ:CZR)

Instinet initiated coverage on shares of Caesars Entertainment Corporation (NASDAQ:CZR) in a research note published on Friday, October 6th. The brokerage issued a neutral rating and a $14.00 price objective on the stock.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Caesars Entertainment Corporation from a hold rating to a buy rating and set a $13.00 price objective for the company in a report on Tuesday, August 8th. BidaskClub upgraded Caesars Entertainment Corporation from a hold rating to a buy rating in a research note on Sunday, July 16th. SunTrust Banks, Inc. assumed coverage on Caesars Entertainment Corporation in a research note on Friday, September 15th. They issued a buy rating and a $14.00 target price on the stock. ValuEngine upgraded Caesars Entertainment Corporation from a sell rating to a hold rating in a research note on Friday, September 1st. Finally, Nomura started coverage on Caesars Entertainment Corporation in a research note on Friday, October 6th. They set a neutral rating and a $14.00 price target on the stock. One 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.

Caesars Entertainment Corporation (CZR) opened at 11.90 on Friday. The firm’s market cap is $1.77 billion. Caesars Entertainment Corporation has a 52 week low of $6.70 and a 52 week high of $13.60. The company has a 50-day moving average of $12.25 and a 200-day moving average of $11.69.

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. Equities research analysts forecast that Caesars Entertainment Corporation will post $0.06 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the business. KCG Holdings Inc. acquired a new position in shares of Caesars Entertainment Corporation during the 1st quarter worth approximately $116,000. BNP Paribas Arbitrage SA raised its stake in Caesars Entertainment Corporation by 88.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock valued at $125,000 after purchasing an additional 4,892 shares during the last quarter. Quantbot Technologies LP raised its stake in Caesars Entertainment Corporation by 647.9% in the 2nd quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock valued at $145,000 after purchasing an additional 10,496 shares during the last quarter. Airain ltd acquired a new position in Caesars Entertainment Corporation in the 2nd quarter valued at $161,000. Finally, Karp Capital Management Corp acquired a new position in Caesars Entertainment Corporation in the 1st quarter valued at $177,000. 76.68% of the stock is owned by institutional investors.

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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