Analyst Rating Update on Activision Blizzard Inc (ATVI)

Activision Blizzard Inc (ATVI) has an average broker rating of 1.56, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 11 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Activision Blizzard Inc (ATVI) : The highest short term price target forecast on Activision Blizzard Inc (ATVI) is $45 and the lowest target price is $32. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $42.6 with a standard deviation of $3.18.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, MKM Partners downgrades its ratings on Activision Blizzard Inc (NASDAQ:ATVI). In the latest research report, MKM Partners raises the target price from $40 per share to $42 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 28, 2016.


Activision Blizzard Inc (NASDAQ:ATVI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.64 and $39.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.38, notching a gain of 1.58% for the day. The total traded volume was 8,754,181 . The stock had closed at $39.75 on the previous day.

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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