Rovi Corp. Upgraded to “Neutral” at Zacks (ROVI)
Rovi Corp. (NASDAQ:ROVI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, AnalystRatingsNetwork reports. The firm currently has a $19.60 price target on the stock. Zacks‘ price objective would indicate a potential upside of 2.24% from the stock’s previous close.
Shares of Rovi Corp. (NASDAQ:ROVI) traded up 1.25% on Tuesday, hitting $19.41. The stock had a trading volume of 669,346 shares. Rovi Corp. has a 1-year low of $13.25 and a 1-year high of $26.55. The stock has a 50-day moving average of $18.38 and a 200-day moving average of $21.67. The company’s market cap is $1.907 billion.
Rovi Corp. (NASDAQ:ROVI) last announced its earnings results on Wednesday, July 31st. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $146.40 million for the quarter, compared to the consensus estimate of $152.85 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts expect that Rovi Corp. will post $1.95 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley upgraded shares of Rovi Corp. (NASDAQ:ROVI) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, September 24th. They now have a $25.50 price target on the stock, up previously from $24.00. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.57.
Rovi Corporation is focused on powering the discovery and enjoyment of digital entertainment by providing a set of integrated solutions that are embedded in its customers’ products and services and used by end consumers to simplify and guide their interaction with digital entertainment.
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