Caesars Entertainment (CZR) Research Coverage Started at Jefferies Group

Stock analysts at Jefferies Group started coverage on shares of Caesars Entertainment (NASDAQ:CZR) in a research note issued to investors on Thursday, The Fly reports. The brokerage set a “hold” rating on the stock.

Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. ValuEngine downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. BidaskClub raised shares of Caesars Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Nomura assumed coverage on shares of Caesars Entertainment in a research report on Friday, October 6th. They issued a “neutral” rating and a $14.00 target price on the stock. Finally, Instinet assumed coverage on shares of Caesars Entertainment in a research report on Friday, October 6th. They issued a “neutral” rating and a $14.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $14.39.

Shares of Caesars Entertainment (NASDAQ:CZR) traded up $0.40 on Thursday, hitting $13.40. 14,274,600 shares of the stock traded hands, compared to its average volume of 8,183,927. The firm has a market cap of $9,820.00, a PE ratio of -0.66 and a beta of 0.31. The company has a debt-to-equity ratio of -1.69, a current ratio of 0.48 and a quick ratio of 0.48. Caesars Entertainment has a 12 month low of $8.50 and a 12 month high of $13.60.

In other Caesars Entertainment news, EVP Janis L. Jones sold 26,131 shares of Caesars Entertainment stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $12.86, for a total value of $336,044.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Boushy bought 20,000 shares of Caesars Entertainment stock in a transaction on Wednesday, December 6th. The stock was acquired at an average price of $12.64 per share, with a total value of $252,800.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $252,800. The disclosure for this purchase can be found here. Company insiders own 4.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CZR. BNP Paribas Arbitrage SA lifted its stake in shares of Caesars Entertainment by 88.0% in the second quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock worth $125,000 after buying an additional 4,892 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Caesars Entertainment by 647.9% in the second quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock worth $145,000 after buying an additional 10,496 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Caesars Entertainment in the third quarter worth $185,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Caesars Entertainment in the third quarter worth $284,000. Finally, Voya Investment Management LLC lifted its stake in shares of Caesars Entertainment by 19.8% in the second quarter. Voya Investment Management LLC now owns 26,916 shares of the company’s stock worth $323,000 after buying an additional 4,449 shares during the last quarter. Hedge funds and other institutional investors own 20.46% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally posted by American Banking and Market News and is owned by of American Banking and Market News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/01/18/caesars-entertainment-czr-research-coverage-started-at-jefferies-group.html.

Caesars Entertainment 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 resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.