Activision Blizzard Hits New 1-Year High at $24.07 (ATVI)
Activision Blizzard (NASDAQ:ATVI) shares reached a new 52-week high on Wednesday , AR Network reports. The company traded as high as $24.07 and last traded at $23.98, with a volume of 5,005,681 shares changing hands. The stock had previously closed at $23.74.
Several analysts have recently commented on the stock. Analysts at Argus raised their price target on shares of Activision Blizzard from $24.00 to $30.00 in a research note on Wednesday, August 20th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Twelve equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $26.34.
The stock’s 50-day moving average is $22.97 and its 200-day moving average is $21.2. The company has a market cap of $17.248 billion and a P/E ratio of 28.16.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly 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. Analysts expect that Activision Blizzard will post $1.32 EPS 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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