Caesars Entertainment Corporation (CZR) Earning Somewhat Positive News Coverage, Accern Reports

Headlines about Caesars Entertainment Corporation (NASDAQ:CZR) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caesars Entertainment Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 44.9850648654567 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern’s scoring:

Caesars Entertainment Corporation (NASDAQ:CZR) traded down 2.02% during mid-day trading on Wednesday, reaching $12.10. 13,128,542 shares of the company were exchanged. The company’s 50 day moving average price is $12.14 and its 200-day moving average price is $11.63. The stock’s market capitalization is $4.54 billion. Caesars Entertainment Corporation has a 12 month low of $6.70 and a 12 month high of $13.60.

Caesars Entertainment Corporation (NASDAQ:CZR) last announced its earnings results on Thursday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.47). The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $2.11 billion. On average, equities analysts expect that Caesars Entertainment Corporation will post $0.06 earnings per share for the current fiscal year.

Several analysts have recently weighed in on CZR shares. BidaskClub downgraded shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Imperial Capital started coverage on shares of Caesars Entertainment Corporation in a report on Wednesday, July 19th. They issued an “outperform” rating and a $15.50 target price on the stock. Wolfe Research started coverage on shares of Caesars Entertainment Corporation in a report on Friday, July 21st. They issued an “outperform” rating and a $16.00 target price on the stock. Zacks Investment Research downgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, ValuEngine downgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.39.

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Caesars Entertainment Corporation Company Profile

Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.

Insider Buying and Selling by Quarter for Caesars Entertainment Corporation (NASDAQ:CZR)

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