StockNews.com Upgrades Caesars Entertainment (NASDAQ:CZR) to “Buy”

Caesars Entertainment (NASDAQ:CZR – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other brokerages have also recently commented on CZR. JPMorgan Chase & Co. boosted their price target on shares of Caesars Entertainment from $67.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 22nd. Wells Fargo & Company upped their target price on shares of Caesars Entertainment from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, January 25th. Morgan Stanley upped their target price on shares of Caesars Entertainment from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 1st. Barclays upped their target price on shares of Caesars Entertainment from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, February 22nd. Finally, B. Riley upped their target price on shares of Caesars Entertainment from $102.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Caesars Entertainment presently has an average rating of “Hold” and an average target price of $65.77.

Caesars Entertainment Stock Up 0.9 %

Shares of CZR stock opened at $44.71 on Wednesday. The stock has a market cap of $9.62 billion, a P/E ratio of -10.53 and a beta of 2.90. Caesars Entertainment has a 52 week low of $31.31 and a 52 week high of $81.57. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 3.37. The company’s fifty day simple moving average is $50.42 and its two-hundred day simple moving average is $46.12.

Hedge Funds Weigh In On Caesars Entertainment

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Caesars Entertainment during the fourth quarter valued at approximately $112,358,000. FMR LLC boosted its stake in shares of Caesars Entertainment by 13.0% during the second quarter. FMR LLC now owns 19,165,674 shares of the company’s stock valued at $734,045,000 after purchasing an additional 2,206,419 shares in the last quarter. Contrarius Investment Management Ltd bought a new position in shares of Caesars Entertainment during the fourth quarter valued at approximately $71,520,000. Frontier Capital Management Co. LLC boosted its stake in shares of Caesars Entertainment by 49.3% during the third quarter. Frontier Capital Management Co. LLC now owns 3,460,971 shares of the company’s stock valued at $111,651,000 after purchasing an additional 1,143,332 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in shares of Caesars Entertainment by 121.2% during the third quarter. Eagle Asset Management Inc. now owns 1,977,721 shares of the company’s stock valued at $63,801,000 after purchasing an additional 1,083,789 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors.

About Caesars Entertainment

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Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.