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Research analysts at Stephens began coverage on shares of Rovi Corp. (NASDAQ:ROVI) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set an “equal weight” rating on the stock.

Shares of Rovi Corp. (NASDAQ:ROVI) traded up 1.67% on Tuesday, hitting $21.89. The stock had a trading volume of 950,534 shares. Rovi Corp. has a 52 week low of $16.00 and a 52 week high of $26.55. The stock has a 50-day moving average of $20.05 and a 200-day moving average of $19.22. The company’s market cap is $2.138 billion.

Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Rovi Corp. from $20.00 to $22.00 in a research note to investors on Thursday, January 9th. Separately, analysts at Zacks upgraded shares of Rovi Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $20.70 price target on the stock. Finally, analysts at Pacific Crest upgraded shares of Rovi Corp. from an “underperform” rating to a “sector perform” rating in a research note to investors on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Rovi Corp. has a consensus rating of “Hold” and an average price target of $20.96.

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.

The Fly On The Wall

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