Investment analysts at Instinet started coverage on shares of Caesars Entertainment Corporation (NASDAQ:CZR) in a report issued on Friday. The firm set a “neutral” rating and a $14.00 price target on the stock. Instinet’s price objective would suggest a potential upside of 6.87% from the stock’s current price.

CZR has been the topic of a number of other research reports. BidaskClub raised Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Zacks Investment Research downgraded Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine raised Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Wolfe Research started coverage on Caesars Entertainment Corporation in a research report on Friday, July 21st. They set an “outperform” rating and a $16.00 price target on the stock. Finally, SunTrust Banks, Inc. started coverage on Caesars Entertainment Corporation in a research report on Friday, September 15th. They set a “buy” rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $14.39.

Caesars Entertainment Corporation (NASDAQ CZR) opened at 13.10 on Friday. Caesars Entertainment Corporation has a 12 month low of $6.70 and a 12 month high of $13.60. The firm’s 50-day moving average price is $12.05 and its 200 day moving average price is $11.53. The stock’s market cap is $1.95 billion.

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 analysts’ consensus estimates of $0.26 by ($0.47). The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $2.11 billion. On average, analysts anticipate that Caesars Entertainment Corporation will post $0.06 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Hosking Partners LLP purchased a new stake in shares of Caesars Entertainment Corporation during the 2nd quarter worth $4,409,000. American International Group Inc. lifted its stake in shares of Caesars Entertainment Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 34,743 shares of the company’s stock worth $332,000 after purchasing an additional 2,295 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new stake in shares of Caesars Entertainment Corporation during the 2nd quarter worth $7,628,000. Eagle Asset Management Inc. purchased a new stake in shares of Caesars Entertainment Corporation during the 2nd quarter worth $18,119,000. Finally, Artemis Investment Management LLP purchased a new stake in shares of Caesars Entertainment Corporation during the 2nd quarter worth $4,385,000. 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.

Analyst Recommendations for Caesars Entertainment Corporation (NASDAQ:CZR)

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