Caesars Entertainment Corporation (NASDAQ:CZR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

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. “

Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. ValuEngine upgraded shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. 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 target price on the stock. 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 target price on the stock. Finally, Wolfe Research initiated coverage on shares of Caesars Entertainment Corporation in a report on Friday, July 21st. They issued an “outperform” rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $14.58.

Caesars Entertainment Corporation (NASDAQ:CZR) traded up 0.87% during midday trading on Thursday, reaching $11.65. 1,464,003 shares of the company traded hands. Caesars Entertainment Corporation has a 12 month low of $6.16 and a 12 month high of $13.45. The company’s 50-day moving average price is $11.98 and its 200 day moving average price is $11.10. The firm’s market capitalization is $1.74 billion.

Caesars Entertainment Corporation (NASDAQ:CZR) last released its earnings results on Thursday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.47. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $2.11 billion. On average, equities analysts anticipate that Caesars Entertainment Corporation will post $0.06 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Caesars Entertainment Corporation by 88.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock worth $125,000 after acquiring an additional 4,892 shares during the period. Quantbot Technologies LP lifted its holdings in shares of Caesars Entertainment Corporation by 647.9% during the 2nd quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock worth $145,000 after acquiring an additional 10,496 shares during the period. KCG Holdings Inc. purchased a new position in shares of Caesars Entertainment Corporation during the 1st quarter worth about $116,000. Airain ltd purchased a new position in shares of Caesars Entertainment Corporation during the 2nd quarter worth about $161,000. Finally, Stevens Capital Management LP purchased a new position in shares of Caesars Entertainment Corporation during the 1st quarter worth about $156,000. Institutional investors and hedge funds own 76.68% of the company’s stock.

Caesars Entertainment Corporation Company Profile

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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