Activision Blizzard, Inc (NASDAQ:ATVI) was downgraded by equities researchers at Vetr from a “hold” rating to a “sell” rating in a report released on Monday. They currently have a $61.27 target price on the stock. Vetr‘s target price would suggest a potential downside of 4.41% from the company’s current price.
Other equities analysts also recently issued reports about the company. Argus restated a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Activision Blizzard in a research report on Wednesday, August 16th. Jefferies Group LLC boosted their price objective on Activision Blizzard from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Benchmark Co. boosted their price objective on Activision Blizzard from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Bank of America Corporation upgraded Activision Blizzard from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $76.00 in a research report on Friday, August 4th. Finally, BidaskClub downgraded Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $68.68.
Activision Blizzard (NASDAQ:ATVI) opened at $64.10 on Monday. Activision Blizzard has a 52-week low of $35.12 and a 52-week high of $67.03. The company has a market capitalization of $48,465.98, a PE ratio of 29.14, a PEG ratio of 2.24 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22.
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About Activision Blizzard
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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