Barclays Maintains Electronic Arts to Overweight with Price Target $88.00

Brokerage firm Barclays Maintains its rating on Electronic Arts(NASDAQ:EA). In a research note issued to the investors, the brokerage major Raises the price-target to $88.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Aug 3, 2016.

Electronic Arts (EA) shares turned negative on Fridays trading session with the shares closing down -0.42 points or -0.54% at a volume of 20,28,191. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $78.4. The peak price level was also seen at $78.4 while the days lowest was $77.03. Finally the shares closed at $77.43. The 52-week high of the shares is $79.99 while the 52-week low is $53.01. According to the latest information available, the market cap of the company is $23,288 M.

Electronic Arts(EA) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $682.00M. Analysts had an estimated revenue of $652.64M. Earnings per share were $0.07. Analysts had estimated an EPS of $-0.02.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, Patrick Soderlund (EVP, EA Studios) sold 8,000 shares at $76.47 per share price.Also, On Aug 2, 2016, Andrew Wilson (Chief Executive Officer) sold 8,000 shares at $76.47 per share price.On Jul 25, 2016, Blake J Jorgensen (EVP & Chief Financial Officer) sold 10,100 shares at $76.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Electronic Arts Inc is a game software content and services provider. The Company develops markets publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield Mass Effect Need for Speed Dragon Age The Sims Bejeweled and Plants v. Zombies as well as brands based on licensed intellectual property such as FIFA Madden NFL and Star Wars. The Company is organized around three divisions: EA Studios Maxis and EA Mobile. The EA Studios division develops games and related content and services across a range of game categories including the FIFA Madden NFL Need for Speed Battlefield Mass Effect and Dragon Age. The Maxis division creates games and related content and services that engage player creativity. The EA Mobile division focuses on developing and publishing interactive games for mobile phones and tablets.

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