Caesars Entertainment Corporation (NASDAQ:CZR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $13.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 7.88% from the stock’s current price.

According to Zacks, “Caesars Entertainment Corporation is a gaming company engaged in providing casino entertainment services. The Company operates casino resorts on multiple continents and 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. Its resorts operate primarily under the Harrah’s(TM), Caesars(TM) and Horseshoe(TM) brand names. Caesars Entertainment Corporation is based in Las Vegas, Nevada. “

A number of other equities analysts also recently commented on CZR. Macquarie raised shares of Caesars Entertainment Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $10.00 to $13.00 in a report on Thursday, April 20th. Oppenheimer Holdings, Inc. initiated coverage on shares of Caesars Entertainment Corporation in a report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 price objective for the company. CIBC initiated coverage on shares of Caesars Entertainment Corporation in a report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 price objective for the company. ValuEngine raised shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Caesars Entertainment Corporation has a consensus rating of “Buy” and an average price target of $14.58.

Shares of Caesars Entertainment Corporation (CZR) remained flat at $12.05 during mid-day trading on Tuesday. The company’s stock had a trading volume of 1,526,416 shares. Caesars Entertainment Corporation has a one year low of $5.39 and a one year high of $13.45. The stock’s 50 day moving average is $12.45 and its 200-day moving average is $10.62. The company’s market capitalization is $1.79 billion.

Caesars Entertainment Corporation (NASDAQ:CZR) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.47. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $2.11 billion. On average, equities research analysts expect that Caesars Entertainment Corporation will post ($0.27) EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. Gargoyle Investment Advisor L.L.C. increased its position in shares of Caesars Entertainment Corporation by 19.2% in the fourth quarter. Gargoyle Investment Advisor L.L.C. now owns 72,624 shares of the company’s stock valued at $573,000 after buying an additional 11,691 shares during the period. TFS Capital LLC increased its position in shares of Caesars Entertainment Corporation by 156.6% in the fourth quarter. TFS Capital LLC now owns 571,654 shares of the company’s stock valued at $4,510,000 after buying an additional 348,865 shares during the period. California Public Employees Retirement System increased its position in shares of Caesars Entertainment Corporation by 22.9% in the fourth quarter. California Public Employees Retirement System now owns 293,600 shares of the company’s stock valued at $2,317,000 after buying an additional 54,700 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Caesars Entertainment Corporation by 10.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 267,760 shares of the company’s stock valued at $2,113,000 after buying an additional 24,518 shares during the period. Finally, Tappan Street Partners LLC purchased a new position in shares of Caesars Entertainment Corporation during the fourth quarter valued at about $1,009,000. 67.47% 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.

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Analyst Recommendations for Caesars Entertainment Corporation (NASDAQ:CZR)

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