Piper Jaffray Upgrades King Digital Entertainment PLC to Overweight (KING)
The analysts wrote, “neutral” to “overweight.”
King Digital Entertainment PLC (NYSE:KING) opened at 21.87 on Monday. King Digital Entertainment PLC has a 52 week low of $15.26 and a 52 week high of $23.48. The stock’s 50-day moving average is $17.41 and its 200-day moving average is $17.62. The company has a market cap of $6.948 billion and a P/E ratio of 11.24.
King Digital Entertainment PLC (NYSE:KING) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue was up 194.7% on a year-over-year basis.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Bank of America initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set a “buy” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $25.18.
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.
Receive News & Ratings for King Digital Entertainment PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for King Digital Entertainment PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.