Caesars Entertainment (NASDAQ:CZR) Upgraded at ValuEngine

Caesars Entertainment (NASDAQ:CZR) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, April 1st, ValuEngine reports.

Other research analysts also recently issued reports about the stock. Deutsche Bank restated a “buy” rating and set a $11.00 price objective on shares of Caesars Entertainment in a research report on Monday, February 25th. Zacks Investment Research downgraded shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research report on Friday, March 1st. BidaskClub upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Bank of America downgraded shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $8.75 to $9.00 in a research report on Wednesday, January 16th. Finally, Credit Suisse Group restated an “outperform” rating and set a $13.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, March 20th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.75.

Shares of NASDAQ CZR traded up $0.17 during midday trading on Monday, reaching $9.59. The company’s stock had a trading volume of 9,182,940 shares, compared to its average volume of 27,121,701. The company has a current ratio of 1.13, a quick ratio of 1.11 and a debt-to-equity ratio of 5.65. Caesars Entertainment has a fifty-two week low of $5.84 and a fifty-two week high of $13.54. The company has a market cap of $6.31 billion, a price-to-earnings ratio of -50.47 and a beta of 1.20.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Thursday, February 21st. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). Caesars Entertainment had a net margin of 3.61% and a negative return on equity of 4.12%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the firm posted $2.48 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that Caesars Entertainment will post -0.43 earnings per share for the current year.

In other news, VP Les Ottolenghi sold 17,240 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $8.74, for a total transaction of $150,677.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 97,460 shares of company stock valued at $840,337 over the last quarter. Company insiders own 0.92% of the company’s stock.

Several institutional investors have recently modified their holdings of CZR. Oaktree Capital Management LP bought a new stake in Caesars Entertainment during the fourth quarter valued at $67,900,000. Gabelli Funds LLC bought a new stake in Caesars Entertainment during the fourth quarter valued at $762,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Caesars Entertainment by 8.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,676 shares of the company’s stock valued at $269,000 after acquiring an additional 3,087 shares during the last quarter. Brookfield Asset Management Inc. boosted its position in Caesars Entertainment by 130.0% during the third quarter. Brookfield Asset Management Inc. now owns 460,000 shares of the company’s stock valued at $4,715,000 after acquiring an additional 260,000 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Caesars Entertainment during the fourth quarter valued at $4,753,000.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 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 (NASDAQ:CZR)

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