Caesars Entertainment Co. Common Stock (CZR) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of Caesars Entertainment Co. Common Stock (NASDAQ:CZR) from a strong sell rating to a sell rating in a report released on Wednesday.

CZR has been the topic of several other research reports. Zacks Investment Research downgraded Caesars Entertainment Co. Common Stock from a hold rating to a sell rating in a research note on Friday, September 7th. Bank of America lowered their target price on shares of Caesars Entertainment Co. Common Stock from $14.00 to $13.00 and set a buy rating on the stock in a report on Thursday, August 2nd. Deutsche Bank assumed coverage on shares of Caesars Entertainment Co. Common Stock in a report on Tuesday, September 4th. They set a buy rating and a $14.00 target price on the stock. Jefferies Financial Group set a $11.00 target price on shares of Caesars Entertainment Co. Common Stock and gave the company a hold rating in a report on Thursday, August 2nd. Finally, Credit Suisse Group assumed coverage on shares of Caesars Entertainment Co. Common Stock in a report on Tuesday, September 11th. They set an outperform rating and a $13.00 target price on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $14.00.

Caesars Entertainment Co. Common Stock stock opened at $10.65 on Wednesday. Caesars Entertainment Co. Common Stock has a 12 month low of $8.55 and a 12 month high of $14.50. The company has a current ratio of 1.98, a quick ratio of 1.96 and a debt-to-equity ratio of 5.52. The company has a market capitalization of $7.18 billion, a P/E ratio of -3.16 and a beta of 0.47.

Caesars Entertainment Co. Common Stock (NASDAQ:CZR) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. Caesars Entertainment Co. Common Stock had a negative return on equity of 4.71% and a net margin of 21.90%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the business earned ($9.62) earnings per share. Caesars Entertainment Co. Common Stock’s revenue for the quarter was up 110.2% on a year-over-year basis. analysts predict that Caesars Entertainment Co. Common Stock will post -0.04 earnings per share for the current year.

In other news, CFO Eric A. Hession purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were purchased at an average price of $9.54 per share, with a total value of $95,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher J. Holdren purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was purchased at an average cost of $9.85 per share, for a total transaction of $49,250.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 125,000 shares of company stock worth $1,199,150 in the last three months. Insiders own 4.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Sawtooth Solutions LLC bought a new position in shares of Caesars Entertainment Co. Common Stock in the second quarter worth $108,000. SCP Investment LP bought a new position in shares of Caesars Entertainment Co. Common Stock in the first quarter worth $113,000. Laurel Wealth Advisors Inc. bought a new position in shares of Caesars Entertainment Co. Common Stock in the first quarter worth $118,000. KCM Investment Advisors LLC bought a new position in shares of Caesars Entertainment Co. Common Stock in the second quarter worth $120,000. Finally, IBM Retirement Fund bought a new position in shares of Caesars Entertainment Co. Common Stock in the second quarter worth $125,000.

About Caesars Entertainment Co. Common Stock

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Analyst Recommendations for Caesars Entertainment Co. Common Stock (NASDAQ:CZR)

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