Activision Blizzard Given Average Recommendation of “Buy” by Brokerages (NASDAQ:ATVI)
Activision Blizzard (NASDAQ:ATVI) has received a consensus rating of “Buy” from the twenty ratings firms that are covering the company, American Banking News reports. Twelve equities research analysts have rated the stock with a buy rating, The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $25.92.
In other Activision Blizzard news, Insider Humam Sakhnini sold 394,280 shares of the stock on the open market in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $22.88, for a total value of $9,021,126.40. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Activision Blizzard (NASDAQ:ATVI) opened at 23.36 on Tuesday. Activision Blizzard has a 52 week low of $16.02 and a 52 week high of $23.79. The stock’s 50-day moving average is $22.72 and its 200-day moving average is $20.76. The company has a market cap of $16.760 billion and a price-to-earnings ratio of 27.65.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.08 earnings per share. Activision Blizzard’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Activision Blizzard will post $1.32 EPS for the current fiscal year.
A number of research firms have recently commented on ATVI. Analysts at Longbow Research upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research note on Friday, August 8th. 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.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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