Caesars Entertainment Corp. Stock Rating Upgraded by Thomson Reuters/Verus (CZR)
Caesars Entertainment Corp. (NYSE:CZR) was upgraded by research analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a report released on Monday, Analyst Ratings Network reports.
Separately, analysts at Bank of America Corp. reiterated an “underperform” rating on shares of Caesars Entertainment Corp. in a research note to investors on Thursday. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Caesars Entertainment Corp. has a consensus rating of “Hold” and a consensus target price of $7.75.
Shares of Caesars Entertainment Corp. (NYSE:CZR) traded down 3.96% on Monday, hitting $17.96. 2,927,565 shares of the company’s stock traded hands. Caesars Entertainment Corp. has a 52 week low of $4.52 and a 52 week high of $26.57. The stock’s 50-day moving average is $22.03 and its 200-day moving average is $17.07. The company’s market cap is $2.268 billion.
Caesars Entertainment Corp. (NYSE:CZR) last issued its quarterly earnings data on Monday, July 29th. The company reported ($1.69) earnings per share for the quarter, missing the analysts’ consensus estimate of ($1.57) by $0.12. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company posted ($1.93) earnings per share. Caesars Entertainment Corp.’s revenue was down .3% compared to the same quarter last year. Analysts expect that Caesars Entertainment Corp. will post $-6.68 EPS for the current fiscal year.
Caesars Entertainment Corporation provides casino entertainment services. 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.
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