Activision Blizzard Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:ATVI)
Shares of Activision Blizzard (NASDAQ:ATVI) have earned an average rating of “Buy” from the twenty brokerages that are covering the stock, Analyst Ratings News reports. Twelve investment analysts have rated the stock with a buy recommendation, The average 1-year price target among analysts that have covered the stock in the last year is $25.92.
A number of analysts have recently weighed in on ATVI shares. Analysts at Longbow Research upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $28.00 price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, August 6th. They now have a $26.00 price target on the stock, up previously from $25.00. Finally, analysts at Benchmark Co. raised their price target on shares of Activision Blizzard from $23.82 to $24.40 in a research note on Wednesday, August 6th.
Shares of Activision Blizzard (NASDAQ:ATVI) traded up 0.39% during mid-day trading on Tuesday, hitting $22.89. The stock had a trading volume of 285,677 shares. Activision Blizzard has a one year low of $16.02 and a one year high of $23.79. The stock’s 50-day moving average is $22.58 and its 200-day moving average is $20.6. The company has a market cap of $16.423 billion and a P/E ratio of 27.05.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Tuesday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $607.75 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Activision Blizzard will post $1.32 earnings per share for the current fiscal year.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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