Rovi Corp. Coverage Initiated at Stephens (ROVI)
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.
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