Activision Blizzard Inc (ATVI) : Analyst Rating Update

Activision Blizzard Inc (ATVI) : 12 brokerage houses believe that Activision Blizzard Inc (ATVI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Activision Blizzard Inc (ATVI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 16 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.44.

Activision Blizzard Inc (ATVI) : The most positive equity analysts on Activision Blizzard Inc (ATVI) expects the shares to touch $45, whereas, the least positive believes that the stock will trade at $32 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $42.13 with an expected fluctuation of $3.34 from the mean.

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 $39.78 and $39.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.51, notching a gain of 0.90% for the day. The total traded volume was 9,232,698 . The stock had closed at $40.15 on the previous day.

Also, Brokerage firm Barclays maintains its rating on Activision Blizzard Inc (NASDAQ:ATVI). As per the latest information, the brokerage house raises the price target to $42 per share from a prior target of $38. The shares have been rated Overweight. The rating by the firm was issued on June 16, 2016. The company shares have rallied 61.90% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $40.71 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $38.37 and the 200 Day Moving Average price is recorded at $35.14.

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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