A report released earlier today by Zacks Investment Research about Activision Blizzard, Inc. (NASDAQ:ATVI) ups the target price to $50.00
- Updated: September 21, 2016
Zacks Investment Research raised the target price of Activision Blizzard, Inc. (NASDAQ:ATVI) to $50.00 reporting a possible upside of 0.12%.
Yesterday Activision Blizzard, Inc. (NASDAQ:ATVI) traded 1.22% higher at $44.67. The company’s 50-day moving average is $41.87 and its 200-day moving average is $38.15. The last closing price is up 17.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 9,032,909 shares of the stock traded hands, down from an average trading volume of 9,435,780
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Activision Blizzard, Inc. has a 52 week low of $26.49 and a one year high of $44.89 with a PE ratio of 44.98 Activision Blizzard, Inc.’s market capitalization is presently $0.
A total of 20 brokerages have issued a ratings update on the company. Five analysts rating the company a strong buy, fourteen brokerages rating the company a buy, one broker rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokerages rating the company a sell with a one year target of $42.02.
Brief Synopsis About Activision Blizzard, Inc. (NASDAQ:ATVI)
Activision Blizzard, Inc. is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc. (Activision) and its subsidiaries, Blizzard Entertainment, Inc. (Blizzard) and its subsidiaries, and Other segments. The Company also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. It offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360), Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii), and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems.
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