BidaskClub cut shares of Caesars Entertainment Corporation (NASDAQ:CZR) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Several other analysts have also issued reports on the company. Zacks Investment Research upgraded Caesars Entertainment Corporation from a hold rating to a buy rating and set a $13.00 target price on the stock in a research note on Tuesday, August 8th. ValuEngine lowered Caesars Entertainment Corporation from a hold rating to a sell rating in a research note on Tuesday, August 1st. Imperial Capital initiated coverage on Caesars Entertainment Corporation in a research note on Wednesday, July 19th. They issued an outperform rating and a $15.50 target price on the stock. Instinet initiated coverage on Caesars Entertainment Corporation in a research note on Friday, October 6th. They issued a neutral rating and a $14.00 target price on the stock. Finally, SunTrust Banks, Inc. initiated coverage on Caesars Entertainment Corporation in a research note on Friday, September 15th. They issued a buy rating and a $14.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Caesars Entertainment Corporation currently has an average rating of Hold and an average price target of $14.39.

Shares of Caesars Entertainment Corporation (NASDAQ CZR) opened at $12.32 on Tuesday. Caesars Entertainment Corporation has a fifty-two week low of $6.95 and a fifty-two week high of $13.60. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of -1.69.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. KCG Holdings Inc. bought a new position in shares of Caesars Entertainment Corporation in the 1st quarter worth approximately $116,000. BNP Paribas Arbitrage SA raised its position in shares of Caesars Entertainment Corporation by 88.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock worth $125,000 after acquiring an additional 4,892 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Caesars Entertainment Corporation by 647.9% in the 2nd quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock worth $145,000 after acquiring an additional 10,496 shares in the last quarter. Airain ltd bought a new position in shares of Caesars Entertainment Corporation in the 2nd quarter worth approximately $161,000. Finally, Stevens Capital Management LP bought a new position in shares of Caesars Entertainment Corporation in the 3rd quarter worth approximately $185,000. 16.62% of the stock is owned by institutional investors and hedge funds.

About Caesars Entertainment Corporation

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 Corporation (NASDAQ:CZR)

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