Activision Blizzard Upgraded to Outperform by Zacks (ATVI)
Activision Blizzard (NASDAQ:ATVI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a $19.60 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 6.87% from the company’s current price.
Activision Blizzard (NASDAQ:ATVI) traded down 0.11% on Thursday, hitting $18.32. 2,771,195 shares of the company’s stock traded hands. Activision Blizzard has a 1-year low of $10.80 and a 1-year high of $18.55. The stock’s 50-day moving average is $17.47 and its 200-day moving average is $16.80. The company has a market cap of $12.740 billion and a P/E ratio of 17.63.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.05. The company had revenue of $657.00 million for the quarter, compared to the consensus estimate of $589.43 million. During the same quarter last year, the company posted $0.15 earnings per share. Activision Blizzard’s revenue was down 12.5% compared to the same quarter last year. On average, analysts predict that Activision Blizzard will post $0.90 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ATVI. Analysts at Argus reiterated a “buy” rating on shares of Activision Blizzard in a research note to investors on Monday, November 18th. They now have a $22.00 price target on the stock. Separately, analysts at Barclays reiterated a “buy” rating on shares of Activision Blizzard in a research note to investors on Sunday, November 10th. They now have a $22.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Activision Blizzard from $22.00 to $23.00 in a research note to investors on Thursday, November 7th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $19.89.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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