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

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Shares of Caesars Entertainment Co. (NASDAQ:CZR) have been given an average rating of “Hold” by the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $13.00.

CZR has been the subject of several research reports. BidaskClub raised Caesars Entertainment from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 12th. Bank of America reissued a “buy” rating and set a $11.00 price objective on shares of Caesars Entertainment in a research note on Tuesday, October 16th. Deutsche Bank initiated coverage on Caesars Entertainment in a research note on Tuesday, September 4th. They set a “buy” rating and a $14.00 price objective for the company. Credit Suisse Group initiated coverage on Caesars Entertainment in a research note on Tuesday, September 11th. They set an “outperform” rating and a $13.00 price objective for the company. Finally, Oppenheimer set a $15.00 price objective on Caesars Entertainment and gave the stock a “buy” rating in a research note on Thursday, November 1st.

Shares of CZR traded down $0.04 during trading hours on Tuesday, hitting $8.14. 15,861,960 shares of the company were exchanged, compared to its average volume of 13,757,039. The firm has a market cap of $5.70 billion, a PE ratio of -2.42, a P/E/G ratio of 13.30 and a beta of 0.81. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 5.93. Caesars Entertainment has a one year low of $7.95 and a one year high of $14.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CZR. Levin Capital Strategies L.P. purchased a new stake in shares of Caesars Entertainment in the third quarter valued at $102,000. Sawtooth Solutions LLC purchased a new stake in shares of Caesars Entertainment in the second quarter valued at $108,000. KCM Investment Advisors LLC purchased a new stake in shares of Caesars Entertainment in the second quarter valued at $120,000. IBM Retirement Fund purchased a new stake in shares of Caesars Entertainment in the second quarter valued at $125,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of Caesars Entertainment in the third quarter valued at $148,000.

About Caesars Entertainment

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 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.

Further Reading: Should I follow buy, hold and sell recommendations?

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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