Codere Online Luxembourg (NASDAQ:CDRO) Stock Moved Up to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of Codere Online Luxembourg (NASDAQ:CDRO) to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded Codere Online Luxembourg from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Codere Online Luxembourg Stock Down 2.2%

NASDAQ:CDRO traded down $0.19 during mid-day trading on Friday, reaching $8.35. 24,548 shares of the company’s stock traded hands, compared to its average volume of 26,434. Codere Online Luxembourg has a 12-month low of $5.18 and a 12-month high of $10.26. The company has a 50 day moving average price of $9.22 and a 200-day moving average price of $8.95.

Institutional Investors Weigh In On Codere Online Luxembourg

An institutional investor recently raised its stake in Codere Online Luxembourg stock. Citadel Advisors LLC lifted its stake in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 256.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,355 shares of the company’s stock after buying an additional 27,599 shares during the quarter. Citadel Advisors LLC owned about 0.08% of Codere Online Luxembourg worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 10.30% of the stock is currently owned by institutional investors.

About Codere Online Luxembourg

Codere Online Luxembourg S.A. operates online sports betting and casino gaming under the Codere brand. Its offerings include online sportsbooks and casino games, available through websites and mobile platforms. The company was established in 2014 as the online gaming business of Codere Group, an international gaming operator. Codere Online serves customers in Spain and several Latin American markets, including Mexico, Colombia, Panama and Argentina, subject to local regulations and licensing.