Caesars Entertnmt (CZR): Look out for Analysts' Recommendation

Lloyd Doyle
September 23, 2017

According to Zacks, "Caesars Entertainment Corporation is a gaming company engaged in providing casino entertainment services". Its resorts operate primarily under the Harrah's (TM), Caesars (TM) and Horseshoe (TM) brand names. Caesars Entertainment Corporation is based in Las Vegas, Nevada. Equity research analysts have given opinions on where they foresees the stock level. ValuEngine upgraded shares of Caesars Entertainment Corporation from a sell rating to a hold rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Caesars Entertainment Corporation from a hold rating to a sell rating in a research report on Friday, August 25th. They set an "outperform" rating and a $15.00 price objective on the stock. Imperial Capital began coverage on Caesars Entertainment Corporation in a research report on Wednesday, July 19th. They issued an outperform rating and a $15.50 price target on the stock. Jumping in to buy stocks on a pullback may seem like a good idea, but following specific sectors may become increasingly more important. The moving average is a popular tool among technical stock analysts. To do this, analysts often use a stock's beta, which measures the stock's volatility relative to the overall market.

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) traded down 2.157% during trading on Thursday, hitting $12.475. The company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.26 by ($0.47). The 50 day moving average went up $0.89 or +7.55% whereas the 200 day average was up by +12.35%.

Caesars Entertainment Corporation (CZR) has a market cap of $1.89 billion and over the last 12 months, Caesars Entertainment Corporation (NASDAQ:CZR) has gone stronger by 57.41%. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.24 earnings per share. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $2.11 billion.

Presently Caesars Entertainment Corporation (NASDAQ:CZR) stock have an ABR of 1.00. The other 4, though not evenly; between analysts who think you should buy Caesars Entertainment Corporation versus those who think you should sell it.

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Insider Trades for Caesars Entertainment Corporation show that the latest trade was made on 6 May 2017 where Jenkin (Thomas M), the Officer completed a transaction type "Sell" in which 3776 shares were traded at a price of $11.05. That's a potential 17.65 increase relative to where Caesars Entertainment Corporation (NASDAQ:CZR) has been trading recently. American International Group Inc. increased its stake in Caesars Entertainment Corporation by 7.1% during the 1st quarter. Wells Fargo & Company MN raised its position in Caesars Entertainment Corporation by 3.0% in the first quarter. Finally, UBS Asset Management Americas Inc. raised its position in Caesars Entertainment Corporation by 8.7% in the first quarter. Davidson Kempner Capital Management LP acquired a new position in shares of Caesars Entertainment Corporation during the 2nd quarter worth approximately $5,378,000.

Caesars Entertainment Corp (CZR)'s Aroon Up level has reached above the key level of 70, indicating a strong upward trend for the security. CGP LLC is a casino asset and entertainment company.

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