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Electronic Arts (NASDAQ:EA) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, American Banking News reports.

The analysts wrote, “Electronic Arts (EA) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”

Shares of Electronic Arts (NASDAQ:EA) traded up 0.56% during mid-day trading on Thursday, hitting $34.14. The stock had a trading volume of 7,940,705 shares. Electronic Arts has a one year low of $20.47 and a one year high of $34.03. The stock has a 50-day moving average of $28.60 and a 200-day moving average of $25.98. The company’s market cap is $10.569 billion.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 6th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.37. The company had revenue of $914.00 million for the quarter, compared to the consensus estimate of $812.09 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was down 12.1% on a year-over-year basis. On average, analysts predict that Electronic Arts will post $1.73 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Longbow Research reiterated a “buy” rating on shares of Electronic Arts in a research note on Wednesday. They now have a $36.00 price target on the stock, up previously from $34.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Electronic Arts in a research note on Wednesday. They now have a $38.00 price target on the stock, up previously from $29.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Electronic Arts from $35.00 to $40.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Eleven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and an average price target of $31.41.

Electronic Arts Inc develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices.

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