Top Casino Stocks To Invest In 2019

Billionaire investor Carl Icahn is all but exiting the casino industry, selling his stake in Tropicana Entertainment for $1.85 billion. But maybe Eldorado Resorts (NASDAQ:ERI)– which will operate the properties bought by real estate investment trust (REIT)Gaming & Leisure Properties (NASDAQ:GLPI)– shouldn’t be going all in.

Eldorado may be piling too much onto its plate, having also purchased Isle of Capri Casinos last year for $1.75 billion and making a small tuck-in acquisition of an Illinois casino at the same time as the Tropicana deal.

Image source: Getty Images.

A rise to prominence out of bankruptcy

Icahn Enterprises (NASDAQ:IEP) bought Tropicana in 2008 during the collapse of the financial markets. In 2010, Tropicana emerged from bankruptcy protection under a $200 million deal brokered by Icahn, which gave him control of eight casinos in Indiana, Louisiana, Mississippi, Nevada, Missouri, New Jersey, and Aruba. The Aruba resortis not included in the current deal, but will be sold at a later date.

Top Casino Stocks To Invest In 2019: Telecom Argentina Stet – France Telecom S.A.(TEO)

Advisors’ Opinion:

  • [By Lisa Levin]

    Friday morning, the telecommunication services shares rose 0.75 percent. Meanwhile, top gainers in the sector included Telecom Argentina S.A. (NYSE: TEO), up 6 percent, and pdvWireless, Inc. (NASDAQ: PDVW) up 4 percent.

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on Telecom Argentina (TEO)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    Telecom Argentina (NYSE:TEO) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $38.00.

  • [By Joseph Griffin]

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

    Get Telecom Argentina alerts:

    Cablevisi贸n Holding Announces First Quarter 2018 Results (finance.yahoo.com) Zacks: Analysts Anticipate Telecom Argentina (TEO) Will Post Earnings of $0.39 Per Share (americanbankingnews.com) Telecom Argentina posts double-digit gains in Q1 (seekingalpha.com) Telecom Argentina S.A. announces consolidated first quarter results for fiscal year 2018 (‘1Q18’)* (finance.yahoo.com)

    Shares of Telecom Argentina opened at $23.57 on Wednesday, Marketbeat Ratings reports. The company has a market cap of $4.30 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 2.31 and a beta of 1.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.75 and a current ratio of 0.83. Telecom Argentina has a 52-week low of $21.38 and a 52-week high of $23.56.

Top Casino Stocks To Invest In 2019: KBR, Inc.(KBR)

Advisors’ Opinion:

  • [By ]

    KBR (NYSE: KBR)
    Though an under-the-radar name, KBR was the construction arm of oilfield services giant Halliburton (NYSE: HAL) before being spun off. With a consolidated market cap of $2.6 billion, KBR describes itself, per its website, as a “global provider of differentiated professional services and technologies within the Government Services and Hydrocarbon sectors.”

Top Casino Stocks To Invest In 2019: Theravance Biopharma, Inc.(TBPH)

Advisors’ Opinion:

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on Theravance Biopharma (TBPH)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com