Caesars Entertainment, Inc. (NASDAQ:CZR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been given an average rating of “Moderate Buy” by the twenty analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $34.6111.

CZR has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Susquehanna raised Caesars Entertainment from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $25.00 to $31.00 in a research report on Thursday, January 8th. JMP Securities lowered their target price on Caesars Entertainment from $41.00 to $40.00 and set a “market outperform” rating on the stock in a report on Friday, October 17th. Wall Street Zen downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th.

Caesars Entertainment Trading Up 1.0%

NASDAQ:CZR opened at $20.52 on Friday. The company’s 50 day moving average is $23.38 and its 200-day moving average is $23.93. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 6.23. Caesars Entertainment has a 12 month low of $18.25 and a 12 month high of $40.00. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -17.84, a P/E/G ratio of 5.51 and a beta of 2.03.

Institutional Trading of Caesars Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of CZR. JFS Wealth Advisors LLC lifted its stake in shares of Caesars Entertainment by 508.5% in the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $25,000 after buying an additional 722 shares during the period. Hantz Financial Services Inc. raised its holdings in Caesars Entertainment by 110.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 510 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Caesars Entertainment in the 3rd quarter worth approximately $28,000. Sunbelt Securities Inc. grew its holdings in shares of Caesars Entertainment by 181.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after purchasing an additional 672 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Caesars Entertainment by 44.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after purchasing an additional 488 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

About Caesars Entertainment

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.