Electronic Arts Inc. (NASDAQ:EA) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: April 21, 2017
Zacks Investment Research has downgraded Electronic Arts Inc. (NASDAQ:EA) to Sell in a statement released on 04/21/2017.
Previously on 04/20/2017, Vetr Inc. released a statement about Electronic Arts Inc. (NASDAQ:EA) upped the target price from $0.00 to $94.20. At the time, this indicated a possible upside of 0.03%.
Having a price of $91.50, Electronic Arts Inc. (NASDAQ:EA) traded 1.74% higher on the day. With the last close up 9.39% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. Electronic Arts Inc. has recorded a 50-day average of $89.25 and a two hundred day average of $83.38. Volume of trade was down over the average, with 2,024,287 shares of EA changing hands under the typical 2,752,210
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Electronic Arts Inc. has a 52 week low of $61.10 and a 52 week high of $91.82 with a P/E ratio of 22.14 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 19 equity analysts have released a ratings update on EA. The one year target is $83.40 with six equity analysts rating the company a strong buy, twelve equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About Electronic Arts Inc. (NASDAQ:EA)
Electronic Arts Inc. develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company's games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed. The Company markets and sells its games and services through retail channels and through digital distribution channels. The Company's PC games and additional content can be downloaded directly through its Origin online platform, as well as through third-party online download stores. Its mobile, tablet and PC free-to-download games and additional content are available through third-party application storefronts, such as the Apple Application Store and Google Play.
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