Investment Analysts’ Weekly Ratings Updates for Activision Blizzard (ATVI)

Several brokerages have updated their recommendations and price targets on shares of Activision Blizzard (NASDAQ: ATVI) in the last few weeks:

  • 12/12/2017 – Activision Blizzard was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $62.29 price target on the stock.
  • 12/12/2017 – Activision Blizzard was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating.
  • 12/5/2017 – Activision Blizzard was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $62.29 price target on the stock.
  • 11/29/2017 – Activision Blizzard was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $62.29 price target on the stock.
  • 11/20/2017 – Activision Blizzard was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $61.27 price target on the stock.
  • 11/8/2017 – Activision Blizzard had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $70.00 price target on the stock.
  • 11/8/2017 – Activision Blizzard was upgraded by analysts at Hilliard Lyons from an “underperform” rating to a “neutral” rating.
  • 11/6/2017 – Activision Blizzard was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $63.32 price target on the stock.
  • 11/3/2017 – Activision Blizzard had its price target raised by analysts at UBS AG from $72.00 to $75.00. They now have a “buy” rating on the stock.
  • 11/3/2017 – Activision Blizzard had its price target raised by analysts at Morgan Stanley from $70.00 to $72.00. They now have an “overweight” rating on the stock.
  • 11/3/2017 – Activision Blizzard had its price target raised by analysts at Jefferies Group LLC from $80.00 to $82.00. They now have a “buy” rating on the stock.
  • 11/3/2017 – Activision Blizzard had its price target raised by analysts at Robert W. Baird from $68.00 to $75.00. They now have an “outperform” rating on the stock.
  • 11/2/2017 – Activision Blizzard had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $62.00 price target on the stock.
  • 10/30/2017 – Activision Blizzard was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $59.97 price target on the stock.
  • 10/29/2017 – Activision Blizzard was given a new $72.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “buy” rating on the stock.
  • 10/27/2017 – Activision Blizzard was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Activision results continue to be driven by increasing digital revenues, King Digital buyout and strength in franchises. The company reported $1 billion from in-game revenues in the last reported quarter. Activision also raised guidance for the full year. The company’s attempts to become a broad-based media company are prudent in our view. Apart from launching a movie studio and consumer products division, the company is also strengthening its presence in the lucrative e-sports market. Activision had added twelve team for esports league for its newest franchise Overwatch. Over the past one year, share prices have outperformed the broader industry. Estimates have remained stable ahead of the upcoming earnings release. However, hit driven and competitive nature of the video game industry begets caution. “
  • 10/26/2017 – Activision Blizzard was given a new $75.00 price target on by analysts at Wedbush. They now have a “buy” rating on the stock.
  • 10/23/2017 – Activision Blizzard was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $59.97 price target on the stock.
  • 10/17/2017 – Activision Blizzard had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $74.00 price target on the stock.

Shares of Activision Blizzard, Inc. (ATVI) traded up $0.43 during mid-day trading on Friday, hitting $65.03. 4,737,200 shares of the stock traded hands, compared to its average volume of 6,741,985. The stock has a market capitalization of $48,844.03, a P/E ratio of 29.36, a PEG ratio of 2.24 and a beta of 1.03. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. Activision Blizzard, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $67.03.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the transaction, the chief executive officer now directly owns 41,435 shares in the company, valued at $2,636,923.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.12% of the stock is currently owned by corporate insiders.

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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