Activision Blizzard Inc (ATVI) Receives ‘Analyst’ Rating

Activision Blizzard Inc (ATVI) : The consensus on Activision Blizzard Inc (ATVI) based on 15 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Activision Blizzard Inc (ATVI) : The most positive equity analysts on Activision Blizzard Inc (ATVI) expects the shares to touch $55, whereas, the least positive believes that the stock will trade at $32 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $45.79 with an expected fluctuation of $5.27 from the mean.


Also, Barclays maintains its rating on Activision Blizzard Inc (NASDAQ:ATVI). The global brokerage major raises the current price target from $42 per share to $45 per share. Analysts at the Barclays have a current rating of Overweight on the shares. The rating by the firm was issued on August 5, 2016.

Activision Blizzard Inc (NASDAQ:ATVI): After opening at $43.62, the stock dipped to an intraday low of $43.5 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $44.76 and the buying power remained strong till the end. The stock closed at $44.59 for the day, a gain of 2.13% for the day session. The total traded volume was 12,342,033. The stocks close on the previous trading day was $43.66.

Activision Blizzard, Inc. is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company 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. 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. The Companys operating segments include Activision Publishing, Inc. and its subsidiaries, Blizzard Entertainment, Inc. and its subsidiaries, and Activision Blizzard Distribution.

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