Caesars Entertainment (NASDAQ:CZR) Upgraded to “Strong-Buy” by BidaskClub

BidaskClub upgraded shares of Caesars Entertainment (NASDAQ:CZR) from a buy rating to a strong-buy rating in a research note published on Tuesday, BidAskClub reports.

A number of other research analysts have also recently issued reports on CZR. Deutsche Bank reissued a buy rating and issued a $11.00 target price on shares of Caesars Entertainment in a research note on Sunday, May 5th. Morgan Stanley cut Caesars Entertainment from an overweight rating to an equal weight rating and boosted their target price for the company from $11.00 to $12.50 in a research note on Tuesday, June 25th. Nomura cut Caesars Entertainment from a buy rating to a neutral rating and set a $12.00 target price for the company. in a research note on Tuesday, June 25th. UBS Group boosted their target price on Caesars Entertainment from $7.00 to $9.50 and gave the company a neutral rating in a research note on Wednesday, May 1st. Finally, SunTrust Banks cut Caesars Entertainment from a buy rating to a hold rating and set a $12.75 target price for the company. in a research note on Tuesday, June 25th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $12.08.

NASDAQ CZR opened at $11.52 on Tuesday. Caesars Entertainment has a 12 month low of $5.84 and a 12 month high of $12.23. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 6.02. The company has a market capitalization of $7.90 billion, a P/E ratio of -60.63 and a beta of 1.40. The firm has a 50-day moving average of $11.65.

Several hedge funds have recently bought and sold shares of the company. Canyon Capital Advisors LLC boosted its position in Caesars Entertainment by 10.9% during the first quarter. Canyon Capital Advisors LLC now owns 77,581,861 shares of the company’s stock valued at $674,186,000 after purchasing an additional 7,610,629 shares during the last quarter. Norges Bank acquired a new position in Caesars Entertainment during the fourth quarter valued at approximately $37,693,000. Eagle Asset Management Inc. boosted its position in Caesars Entertainment by 74.1% during the second quarter. Eagle Asset Management Inc. now owns 8,413,040 shares of the company’s stock valued at $99,442,000 after purchasing an additional 3,580,046 shares during the last quarter. Carillon Tower Advisers Inc. boosted its position in Caesars Entertainment by 111.6% during the first quarter. Carillon Tower Advisers Inc. now owns 3,401,733 shares of the company’s stock valued at $29,561,000 after purchasing an additional 1,794,176 shares during the last quarter. Finally, 13D Management LLC acquired a new position in Caesars Entertainment during the first quarter valued at approximately $15,236,000.

About Caesars Entertainment

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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