Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 11,270,000 shares, a decline of 11.3% from the August 31st total of 12,700,000 shares. Based on an average trading volume of 3,560,000 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Upgrades and Downgrades

CZR has been the topic of a number of analyst reports. KeyCorp downgraded shares of Caesars Entertainment to a "sector weight" rating in a report on Tuesday, July 19th. B. Riley cut their price objective on shares of Caesars Entertainment from $149.00 to $128.00 and set a "buy" rating on the stock in a report on Tuesday, June 28th. Susquehanna Bancshares cut their price objective on shares of Caesars Entertainment from $32.00 to $27.00 and set a "negative" rating on the stock in a report on Monday. Barclays lifted their price objective on shares of Caesars Entertainment from $56.00 to $65.00 in a report on Wednesday, August 3rd. Finally, Truist Financial lowered their target price on Caesars Entertainment from $105.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, July 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Caesars Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $87.44.

Caesars Entertainment Stock Performance

Caesars Entertainment stock traded up $1.09 during midday trading on Monday, reaching $33.35. The stock had a trading volume of 107,744 shares, compared to its average volume of 3,468,226. Caesars Entertainment has a 12 month low of $31.38 and a 12 month high of $119.59. The firm's 50-day moving average price is $44.49 and its 200 day moving average price is $51.72. The firm has a market capitalization of $7.15 billion, a PE ratio of -4.85 and a beta of 2.77. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 7.06.

Institutional Investors Weigh In On Caesars Entertainment

Caesars Entertainment Company Profile

(Get Rating)

Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.

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