Barclays Increases Caesars Entertainment Corp. Price Target to $15.00 (CZR)
Investment analysts at Barclays upped their target price on shares of Caesars Entertainment Corp. (NYSE:CZR) from $7.00 to $15.00 in a note issued to investors on Tuesday, Analyst Ratings.Net reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target would suggest a potential downside of 19.18% from the stock’s previous close.
Shares of Caesars Entertainment Corp. (NYSE:CZR) traded down 0.11% during mid-day trading on Tuesday, hitting $18.54. The stock had a trading volume of 454,503 shares. Caesars Entertainment Corp. has a 1-year low of $4.52 and a 1-year high of $26.57. The stock’s 50-day moving average is $19.50 and its 200-day moving average is $15.91. The company’s market cap is $2.341 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of Caesars Entertainment Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 21st. Analysts at Bank of America Corp. reiterated an “underperform” rating on shares of Caesars Entertainment Corp. in a research note to investors on Thursday, October 17th. Four analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $9.75.
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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