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Caesars Acquisition Company (NASDAQ:CACQ) was upgraded by equities researchers at Imperial Capital to an “outperform” rating in a research report issued on Wednesday, reports.

Shares of Caesars Acquisition Company (NASDAQ:CACQ) opened at 10.78 on Wednesday. Caesars Acquisition Company has a 52-week low of $10.34 and a 52-week high of $16.98. The stock has a 50-day moving average of $11.48 and a 200-day moving average of $12.79. The company’s market cap is $1.464 billion.

Caesars Acquisition Company (NASDAQ:CACQ) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.31. The company had revenue of $438.70 million for the quarter, compared to the consensus estimate of $415.60 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 48.7% on a year-over-year basis. Analysts expect that Caesars Acquisition Company will post $0.16 EPS for the current fiscal year.

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