Caesars Entertainment (NASDAQ:CZR) Stock Rating Upgraded by TheStreet

Caesars Entertainment (NASDAQ:CZR) was upgraded by TheStreet from a “d+” rating to a “c” rating in a report released on Tuesday, TheStreetRatingsTable reports.

Other equities research analysts have also issued research reports about the stock. UBS Group boosted their price target on shares of Caesars Entertainment from $12.00 to $13.75 and gave the company a “neutral” rating in a report on Friday, January 10th. Zacks Investment Research upgraded shares of Caesars Entertainment from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, January 22nd. BidaskClub upgraded shares of Caesars Entertainment from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Morgan Stanley boosted their price target on shares of Caesars Entertainment from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Caesars Entertainment presently has a consensus rating of “Hold” and a consensus target price of $13.36.

Shares of NASDAQ CZR traded down $0.20 during midday trading on Tuesday, reaching $12.75. The company’s stock had a trading volume of 51,739,914 shares, compared to its average volume of 14,297,890. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 7.52. The company has a 50 day moving average price of $13.92 and a 200 day moving average price of $12.74. Caesars Entertainment has a one year low of $8.00 and a one year high of $14.73. The company has a market cap of $9.06 billion, a price-to-earnings ratio of -7.20 and a beta of 1.25.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, February 25th. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.36). Caesars Entertainment had a negative return on equity of 20.70% and a negative net margin of 13.67%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Research analysts anticipate that Caesars Entertainment will post 0.01 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Coastal Investment Advisors Inc. purchased a new position in Caesars Entertainment during the fourth quarter valued at approximately $31,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Caesars Entertainment in the fourth quarter worth approximately $38,000. NEXT Financial Group Inc grew its position in Caesars Entertainment by 74.9% in the fourth quarter. NEXT Financial Group Inc now owns 3,026 shares of the company’s stock worth $41,000 after acquiring an additional 1,296 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Caesars Entertainment by 22.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,852 shares of the company’s stock worth $120,000 after acquiring an additional 1,613 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in Caesars Entertainment in the fourth quarter worth approximately $126,000.

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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