Activision Blizzard (NASDAQ:ATVI) had its target price reduced by Benchmark from $87.00 to $68.00 in a report issued on Monday morning, MarketBeat.com reports. Benchmark currently has a buy rating on the stock.
A number of other analysts also recently issued reports on the company. ValuEngine downgraded Activision Blizzard from a hold rating to a sell rating in a research report on Friday, January 11th. Robert W. Baird lowered their target price on Activision Blizzard from $75.00 to $69.00 and set an outperform rating on the stock in a research report on Monday, January 14th. BidaskClub downgraded Activision Blizzard from a sell rating to a strong sell rating in a research report on Friday, November 16th. KeyCorp reaffirmed an overweight rating and issued a $80.00 target price (down previously from $85.00) on shares of Activision Blizzard in a research report on Friday, November 9th. Finally, Barclays reaffirmed a buy rating and issued a $59.00 target price on shares of Activision Blizzard in a research report on Sunday, January 13th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $66.68.
ATVI opened at $40.11 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.01 and a current ratio of 2.09. The stock has a market capitalization of $30.61 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.57 and a beta of 0.92. Activision Blizzard has a 1 year low of $39.85 and a 1 year high of $84.68.
Activision Blizzard Company Profile
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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