Take-Two Interactive Software Downgraded by Zacks to Neutral (TTWO)
Take-Two Interactive Software (NASDAQ:TTWO) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, American Banking News reports. They currently have a $20.20 price target on the stock. Zacks‘ target price points to a potential upside of 11.17% from the company’s current price.
Take-Two Interactive Software (NASDAQ:TTWO) traded up 1.27% during mid-day trading on Tuesday, hitting $18.40. The stock had a trading volume of 2,620,958 shares. Take-Two Interactive Software has a one year low of $10.01 and a one year high of $19.25. The stock’s 50-day moving average is $18. and its 200-day moving average is $16.51. The company has a market cap of $1.601 billion and a price-to-earnings ratio of 80.40.
Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings data on Tuesday, July 30th. The company reported ($0.54) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.58) by $0.04. The company had revenue of $144.30 million for the quarter, compared to the consensus estimate of $125.63 million. During the same quarter in the prior year, the company posted ($1.16) earnings per share. The company’s quarterly revenue was down 36.2% on a year-over-year basis. Analysts expect that Take-Two Interactive Software will post $2.56 EPS for the current fiscal year.
TTWO has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of Take-Two Interactive Software (NASDAQ:TTWO) from $20.00 to $22.00 in a research note to investors on Wednesday, September 25th. They now have an “outperform” rating on the stock. Separately, analysts at Macquarie raised their price target on shares of Take-Two Interactive Software (NASDAQ:TTWO) from $23.00 to $25.00 in a research note to investors on Thursday, September 19th. They now have an “outperform” rating on the stock. Finally, analysts at Robert W. Baird reiterated a “neutral” rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note to investors on Thursday, September 19th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.47.
Take-Two Interactive Software, Inc is a developer, marketer and publisher of interactive entertainment for consumers worldwide.
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