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King Digital Entertainment PLC (NYSE:KING) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Wednesday. They currently have a $12.70 price target on the stock. Zacks‘s price objective would indicate a potential downside of 5.29% from the stock’s previous close.

King Digital Entertainment PLC (NYSE:KING) traded down 1.42% during mid-day trading on Wednesday, hitting $13.22. 807,448 shares of the company’s stock traded hands. King Digital Entertainment PLC has a 52-week low of $12.90 and a 52-week high of $23.48. The stock has a 50-day moving average of $17.06 and a 200-day moving average of $17.59. The company has a market cap of $4.227 billion and a P/E ratio of 6.28.

King Digital Entertainment PLC (NYSE:KING) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.02. The company had revenue of $593.60 million for the quarter, compared to the consensus estimate of $455.50 million. Analysts expect that King Digital Entertainment PLC will post $2.13 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on KING. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of King Digital Entertainment PLC in a research note on Thursday, August 14th. They now have a $19.00 price target on the stock, down previously from $23.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of King Digital Entertainment PLC in a research note on Wednesday, August 13th. They now have a $17.00 price target on the stock, down previously from $500.00. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of King Digital Entertainment PLC in a research note on Wednesday, August 13th. They now have a $19.00 price target on the stock, down previously from $22.00. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.82.

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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