Stock analysts at Noble Financial assumed coverage on shares of Codere Online Luxembourg (NASDAQ:CDRO – Get Free Report) in a report issued on Friday, Zacks reports. The firm set a “strong-buy” rating on the stock.
A number of other equities research analysts have also recently commented on CDRO. Weiss Ratings upgraded Codere Online Luxembourg from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Wall Street Zen upgraded Codere Online Luxembourg to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Codere Online Luxembourg currently has an average rating of “Moderate Buy” and an average target price of $10.00.
View Our Latest Report on Codere Online Luxembourg
Codere Online Luxembourg Stock Performance
Shares of CDRO stock traded down $0.19 on Friday, hitting $8.35. The stock had a trading volume of 24,548 shares, compared to its average volume of 26,434. Codere Online Luxembourg has a one year low of $5.18 and a one year high of $10.26. The business has a 50 day moving average price of $9.22 and a 200 day moving average price of $8.95.
Institutional Trading of Codere Online Luxembourg
An institutional investor recently raised its stake in Codere Online Luxembourg stock. Citadel Advisors LLC boosted its stake in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO – Free Report) by 256.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,355 shares of the company’s stock after buying an additional 27,599 shares during the period. Citadel Advisors LLC owned 0.08% of Codere Online Luxembourg worth $367,000 at the end of the most recent quarter. 10.30% of the stock is owned by institutional investors and hedge funds.
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.
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