Activision Blizzard Lowered to “Neutral” at Zacks (ATVI)
Activision Blizzard (NASDAQ:ATVI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Analyst Ratings Net reports. They currently have a $20.10 price objective on the stock. Zacks‘ target price points to a potential upside of 3.82% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “positive” rating on shares of Activision Blizzard in a research note to investors on Monday. Separately, analysts at Jefferies Group raised their price target on shares of Activision Blizzard from $23.00 to $25.00 in a research note to investors on Friday. Finally, analysts at Brean Capital raised their price target on shares of Activision Blizzard from $20.00 to $22.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $21.19.
Shares of Activision Blizzard (NASDAQ:ATVI) traded down 1.43% on Monday, hitting $19.36. 16,776,636 shares of the company’s stock traded hands. Activision Blizzard has a 1-year low of $13.19 and a 1-year high of $19.95. The stock’s 50-day moving average is $17.56 and its 200-day moving average is $17.18. The company has a market cap of $14.423 billion and a price-to-earnings ratio of 20.67.
Activision Blizzard (NASDAQ:ATVI) last released its earnings data on Thursday, February 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts predict that Activision Blizzard will post $1.29 earnings per share for the current fiscal year.
The company also recently announced a annual dividend, which is scheduled for Wednesday, May 14th. Stockholders of record on Wednesday, March 19th will be paid a dividend of $0.20 per share. This represents a dividend yield of 1.02%. The ex-dividend date is Monday, March 17th. This is a boost from Activision Blizzard’s previous annual dividend of $0.19.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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