Zacks Investment Research downgraded Activision Blizzard, Inc. (NASDAQ:ATVI) to Hold in a report released today.
- Updated: October 7, 2016
Zacks Investment Research has downgraded Activision Blizzard, Inc. (NASDAQ:ATVI) to Hold in a report released on 10/07/2016.
Previously on Monday October 03, 2016, Vetr Inc. reported on Activision Blizzard, Inc. (NASDAQ:ATVI) increased the target price from $0.00 to $46.28. At the time, this indicated a possible upside of 0.04%.
Just yesterday Activision Blizzard, Inc. (NASDAQ:ATVI) traded -0.16% lower at $43.92. The company’s 50-day moving average is $43.09 and its 200-day moving average is $39.16. The last closing price is up 12.14% relative to the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Trading volume was down over the average, with 5,604,240 shares of ATVI changing hands under the typical 8,910,270
With a total market value of $0, Activision Blizzard, Inc. has price-earnings ratio of 44.23 with a one year low of $26.49 and a one year high of $45.12 .
A total of 20 equity analysts have released a ratings update on ATVI. Five equity analysts rating the company a strong buy, fourteen equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts 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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