Analyst Rating Update on Take-Two Interactive Software (TTWO)

Take-Two Interactive Software (NASDAQ:TTWO) : 10 brokerage houses believe that Take-Two Interactive Software (NASDAQ:TTWO) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Take-Two Interactive Software (NASDAQ:TTWO). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.46.

Take-Two Interactive Software (NASDAQ:TTWO) : The most positive equity analysts on Take-Two Interactive Software (NASDAQ:TTWO) expects the shares to touch $46, whereas, the least positive believes that the stock will trade at $32 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $41.09 with an expected fluctuation of $3.94 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Jefferies maintains the rating on Take-Two Interactive Software (NASDAQ:TTWO). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $48 per share to $45 per share. The rating by the firm was issued on May 19, 2016.

Take-Two Interactive Software (NASDAQ:TTWO): stock turned positive on Tuesday. Though the stock opened at $35.96, the bulls momentum made the stock top out at $36.24 level for the day. The stock recorded a low of $35.7 and closed the trading day at $36.15, in the green by 1.83%. The total traded volume for the day was 1,223,884. The stock had closed at $35.5 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Dornemann Michael, director of Take Two Interactive Software Inc, had unloaded 11,500 shares at an average price of $39.66 in a transaction dated on June 9, 2016. The total value of the transaction was worth $456,090.

Take-Two Interactive Software, Inc. is a developer, publisher and marketer of interactive entertainment. The Company develops and publishes products through its two wholly owned labels Rockstar Games and 2K. The Company has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world. The Companys products are designed for console gaming systems, such as Sonys PlayStation 3 and PlayStation 4, Microsofts Xbox 360 and Xbox One, and personal computers, including Smartphones and tablets. Rockstar Games is the developer and publisher of Grand Theft Auto, as well as other franchises, including L.A. Noire, Max Payne, Midnight Club and Red Dead. The Companys 2K publishes owned and licensed titles across a range of genres, including shooter, action, role-playing, strategy, sports and family/casual.

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