Could PENN Entertainment (PENN) be a good buy at the current levels

Shares of PENN Entertainment (PENN) are currently trading at $35.80 today 3.17% today. PENN Entertainment, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West, Midwest, and Other. PENN opened the day at $36.22 and traded with a volume of about 2.5M shares. PENN currently has a 52 week high of $86.40. With the gaming season on, could PENN be ready for a bounce ?

Currently, PENN has a buy rating from 73% of analyst while 26% analyst are on the sell side as per Robinhood trading platform. For Q2 FY22,  PENN had reported 0.15$ earnings per share compared to 0.56 estimated by analyst.

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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

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