Caesars Entertainment Corporation (NASDAQ:CZR) – Research analysts at Oppenheimer dropped their FY2017 EPS estimates for Caesars Entertainment in a research report issued on Thursday. Oppenheimer analyst I. Zaffino now forecasts that the company will post earnings per share of ($7.30) for the year, down from their prior forecast of ($1.64). Oppenheimer currently has a “Buy” rating and a $15.00 target price on the stock. Oppenheimer also issued estimates for Caesars Entertainment’s Q4 2017 earnings at $0.10 EPS and FY2018 earnings at $0.71 EPS.

A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded Caesars Entertainment from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Friday, September 8th. SunTrust Banks initiated coverage on Caesars Entertainment in a research report on Friday, September 15th. They issued a “buy” rating and a $14.00 target price for the company. ValuEngine upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Instinet initiated coverage on Caesars Entertainment in a research report on Friday, October 6th. They issued a “neutral” rating and a $14.00 target price for the company. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Caesars Entertainment currently has a consensus rating of “Hold” and a consensus target price of $14.39.

Shares of Caesars Entertainment (NASDAQ CZR) opened at $12.65 on Monday. Caesars Entertainment has a 12-month low of $7.05 and a 12-month 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.

A number of institutional investors have recently made changes to their positions in CZR. BNP Paribas Arbitrage SA increased its stake in shares of Caesars Entertainment by 88.0% during the second quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock valued at $125,000 after buying an additional 4,892 shares during the period. Quantbot Technologies LP increased its stake in shares of Caesars Entertainment by 647.9% during the second quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock valued at $145,000 after buying an additional 10,496 shares during the period. KCG Holdings Inc. purchased a new position in shares of Caesars Entertainment during the first quarter valued at approximately $116,000. Airain ltd purchased a new position in shares of Caesars Entertainment during the second quarter valued at approximately $161,000. Finally, Stevens Capital Management LP purchased a new position in shares of Caesars Entertainment during the third quarter valued at approximately $185,000. 20.47% of the stock is currently owned by institutional investors and hedge funds.

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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.

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