ValuEngine cut shares of Caesars Entertainment (NASDAQ:CZR) from a hold rating to a sell rating in a research report report published on Friday morning.

CZR has been the topic of several other research reports. BidaskClub lowered Caesars Entertainment from a hold rating to a sell rating in a research report on Tuesday, November 14th. Nomura assumed coverage on Caesars Entertainment in a research report on Friday, October 6th. They set a neutral rating and a $14.00 price target on the stock. Zacks Investment Research raised Caesars Entertainment from a hold rating to a buy rating and set a $13.00 price target on the stock in a research report on Tuesday, August 8th. SunTrust Banks initiated coverage on Caesars Entertainment in a research report on Friday, September 15th. They set a buy rating and a $14.00 price target on the stock. Finally, Instinet initiated coverage on Caesars Entertainment in a report on Friday, October 6th. They set a neutral rating and a $14.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Caesars Entertainment currently has an average rating of Hold and a consensus target price of $14.39.

Caesars Entertainment (NASDAQ CZR) remained flat at $$13.25 during midday trading on Friday. 12,808,529 shares of the company were exchanged, compared to its average volume of 8,886,518. The company has a debt-to-equity ratio of -1.69, a current ratio of 0.48 and a quick ratio of 0.48. Caesars Entertainment has a 12-month low of $7.05 and a 12-month high of $13.60.

Large investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. bought a new stake in shares of Caesars Entertainment during the 1st quarter valued at $116,000. BNP Paribas Arbitrage SA lifted its position in shares of Caesars Entertainment by 88.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock worth $125,000 after buying an additional 4,892 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Caesars Entertainment by 647.9% during the 2nd quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock worth $145,000 after buying an additional 10,496 shares during the last quarter. Airain ltd bought a new stake in shares of Caesars Entertainment during the 2nd quarter worth $161,000. Finally, Stevens Capital Management LP bought a new stake in shares of Caesars Entertainment during the 3rd quarter worth $185,000. Hedge funds and other institutional investors own 20.47% of the company’s stock.

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About Caesars Entertainment

Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.

Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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