Codere Online Luxembourg (NASDAQ:CDRO) Stock Rating Raised to Hold at Wall Street Zen

Codere Online Luxembourg (NASDAQ:CDRO) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Codere Online Luxembourg from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Codere Online Luxembourg presently has an average rating of “Hold” and an average target price of $10.00.

Codere Online Luxembourg Stock Performance

Codere Online Luxembourg stock opened at $8.35 on Friday. Codere Online Luxembourg has a 12 month low of $5.18 and a 12 month high of $10.26. The business has a 50 day simple moving average of $9.22 and a 200-day simple moving average of $8.95.

Institutional Investors Weigh In On Codere Online Luxembourg

A hedge fund recently raised its position in Codere Online Luxembourg stock. Citadel Advisors LLC raised its stake in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 256.6% during the second quarter, according to the company in its most recent 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 quarter. Citadel Advisors LLC owned about 0.08% of Codere Online Luxembourg worth $367,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.30% of the company’s stock.

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.