Rovi Corp. Stock Rating Lowered by Zacks (ROVI)
Rovi Corp. (NASDAQ:ROVI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, Analyst Ratings Network.com reports. They currently have a $19.60 target price on the stock. Zacks‘ price objective suggests a potential downside of 4.95% from the stock’s previous close.
Rovi Corp. (NASDAQ:ROVI) traded up 1.41% on Wednesday, hitting $20.91. 475,133 shares of the company’s stock traded hands. Rovi Corp. has a 1-year low of $16.00 and a 1-year high of $26.55. The stock has a 50-day moving average of $20.66 and a 200-day moving average of $19.12. The company’s market cap is $2.042 billion.
A number of other analysts have also recently weighed in on ROVI. Analysts at Stephens initiated coverage on shares of Rovi Corp. in a research note to investors on Tuesday, January 28th. They set an “equal weight” rating on the stock. Separately, 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. 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. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.83.
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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