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King Digital Entertainment PLC (NYSE:KING) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Monday. They currently have a $20.80 target price on the stock. Zacks‘s price target points to a potential downside of 4.89% from the stock’s previous close.

Shares of King Digital Entertainment PLC (NYSE:KING) traded down 3.16% on Monday, hitting $21.18. The stock had a trading volume of 3,858,424 shares. King Digital Entertainment PLC has a 52 week low of $15.26 and a 52 week high of $23.48. The stock has a 50-day moving average of $17.41 and a 200-day moving average of $17.62. The company has a market cap of $6.729 billion and a P/E ratio of 10.91.

King Digital Entertainment PLC (NYSE:KING) last released its earnings data on Wednesday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.16. The company had revenue of $606.70 million for the quarter, compared to the consensus estimate of $205.90 million. The company’s revenue for the quarter was up 194.7% on a year-over-year basis.

KING has been the subject of a number of other recent research reports. Analysts at Piper Jaffray upgraded shares of King Digital Entertainment PLC from a “neutral” rating to an “overweight” rating in a research note on Monday. They now have a $28.00 price target on the stock, up previously from $19.00. Separately, analysts at Barclays raised their price target on shares of King Digital Entertainment PLC from $23.00 to $24.00 in a research note on Friday, May 9th. Finally, analysts at Wedbush initiated coverage on shares of King Digital Entertainment PLC in a research note on Tuesday, May 6th. They set an “outperform” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.06.

King Digital Entertainment plc is an interactive entertainment company. The Company’s games include Candy Crush Saga, Pet Rescue Saga, Farm Heroes Saga, Papa Pear Saga and Bubble Witch Saga.

To view Zacks’ full report, visit Zacks’ official website.

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