Caesars Entertainment Co. (CZR) Given Consensus Rating of “Hold” by Analysts

Caesars Entertainment Co. (NASDAQ:CZR) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $11.75.

Several research analysts recently commented on CZR shares. BidaskClub raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, November 3rd. Oppenheimer set a $15.00 price objective on Caesars Entertainment and gave the company a “buy” rating in a research note on Thursday, November 1st. Jefferies Financial Group set a $11.00 price objective on Caesars Entertainment and gave the company a “hold” rating in a research note on Friday, November 2nd. Morgan Stanley started coverage on Caesars Entertainment in a research note on Tuesday, October 23rd. They issued an “overweight” rating and a $12.00 price objective for the company. Finally, UBS Group raised Caesars Entertainment from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $9.00 to $7.00 in a research note on Wednesday, January 2nd.

NASDAQ CZR opened at $9.40 on Thursday. Caesars Entertainment has a one year low of $5.84 and a one year high of $13.54. The company has a debt-to-equity ratio of 5.93, a current ratio of 1.16 and a quick ratio of 1.14. The firm has a market capitalization of $6.30 billion, a P/E ratio of -2.79 and a beta of 1.31.

In related news, Director Thomas M. Benninger bought 41,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was acquired at an average cost of $7.79 per share, with a total value of $319,390.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Don R. Kornstein bought 20,000 shares of the business’s stock in a transaction on Friday, December 21st. The stock was bought at an average cost of $6.29 per share, with a total value of $125,800.00. Following the completion of the purchase, the director now directly owns 88,552 shares in the company, valued at $556,992.08. The disclosure for this purchase can be found here. Insiders acquired a total of 81,000 shares of company stock valued at $585,190 over the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CZR. Vanguard Group Inc. grew its holdings in shares of Caesars Entertainment by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 52,126,701 shares of the company’s stock worth $534,298,000 after purchasing an additional 7,294,525 shares during the period. Vanguard Group Inc grew its holdings in shares of Caesars Entertainment by 16.3% during the 3rd quarter. Vanguard Group Inc now owns 52,126,701 shares of the company’s stock worth $534,298,000 after purchasing an additional 7,294,525 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in shares of Caesars Entertainment by 3.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 8,542,816 shares of the company’s stock worth $87,564,000 after purchasing an additional 285,428 shares during the period. Geode Capital Management LLC grew its holdings in shares of Caesars Entertainment by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 5,677,102 shares of the company’s stock worth $38,547,000 after purchasing an additional 188,947 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Caesars Entertainment during the 4th quarter worth $32,271,000.

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 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 (NASDAQ:CZR)

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