Caesars Entertainment Corporation CZR was a big mover last session, as the company saw its shares rise over Array0% on the day. The upside came after a U.S. Bankruptcy judge put a bondholder lawsuit on hold which could have led the company to file for bankruptcy. This led to more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up more than 4Array% in the past one-month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Caesars Entertainment currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same space is Monarch Casino & Resort Inc. MCRI sporting a Zacks Rank #Array (Strong Buy).
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