Caesars Entertainment (CZR) Trading Down 5.4%
Caesars Entertainment Co. (NASDAQ:CZR) shares fell 5.4% during mid-day trading on Thursday . The company traded as low as $8.98 and last traded at $9.01. 21,517,380 shares were traded during mid-day trading, an increase of 57% from the average session volume of 13,680,856 shares. The stock had previously closed at $9.52.
A number of brokerages recently issued reports on CZR. BidaskClub downgraded shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Bank of America reiterated a “buy” rating and issued a $11.00 price target on shares of Caesars Entertainment in a research note on Tuesday, October 16th. Zacks Investment Research upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. ValuEngine upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. Finally, Morgan Stanley began coverage on shares of Caesars Entertainment in a research note on Tuesday, October 23rd. They issued an “overweight” rating and a $12.00 price target for the company. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Caesars Entertainment has a consensus rating of “Hold” and a consensus price target of $13.10.
The company has a current ratio of 1.16, a quick ratio of 1.96 and a debt-to-equity ratio of 5.93. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of -2.53, a P/E/G ratio of 14.88 and a beta of 0.81.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://theolympiareport.com/2018/11/10/caesars-entertainment-czr-trading-down-5-4.html.
About Caesars Entertainment (NASDAQ:CZR)
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.
Recommended Story: Risk Tolerance and Your Investment Decisions
Receive News & Ratings for Caesars Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.