Caesars Entertainment Corporation (NASDAQ:CZR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm currently has a $13.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 13.04% 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. “

Other research analysts have also issued research reports about the stock. ValuEngine lowered shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Imperial Capital began coverage on shares of Caesars Entertainment Corporation in a research report on Wednesday, July 19th. They issued an “outperform” rating and a $15.50 price target on the stock. BidaskClub upgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Oppenheimer Holdings Inc. began coverage on shares of Caesars Entertainment Corporation in a research report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 price target on the stock. Finally, Wolfe Research began coverage on shares of Caesars Entertainment Corporation in a research report on Friday, July 21st. They issued an “outperform” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. Caesars Entertainment Corporation presently has a consensus rating of “Buy” and a consensus price target of $14.58.

Caesars Entertainment Corporation (CZR) traded down 1.29% during trading on Friday, reaching $11.50. The company’s stock had a trading volume of 2,387,284 shares. The stock’s market capitalization is $1.72 billion. The firm has a 50 day moving average of $11.95 and a 200 day moving average of $11.10. Caesars Entertainment Corporation has a 52 week low of $6.16 and a 52 week high of $13.45.

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

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in Caesars Entertainment Corporation by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 47,153 shares of the company’s stock worth $566,000 after purchasing an additional 118 shares in the last quarter. C M Bidwell & Associates Ltd. grew its position in Caesars Entertainment Corporation by 29.3% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 27,420 shares of the company’s stock worth $329,000 after purchasing an additional 6,215 shares in the last quarter. Caxton Associates LP purchased a new position in Caesars Entertainment Corporation during the 2nd quarter worth approximately $3,323,000. BlueCrest Capital Management Ltd purchased a new position in Caesars Entertainment Corporation during the 2nd quarter worth approximately $973,000. Finally, Pentwater Capital Management LP purchased a new position in Caesars Entertainment Corporation during the 2nd quarter worth approximately $3,461,000. Hedge funds and other institutional investors own 76.68% of the company’s stock.

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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