Brokerage Firm Rating Update on Activision Blizzard Inc (ATVI)

Activision Blizzard Inc (ATVI) : The consensus on Activision Blizzard Inc (ATVI) based on 15 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Activision Blizzard Inc (ATVI) : The consensus price target for Activision Blizzard Inc (ATVI) is $45.79 for the short term with a standard deviation of $5.27. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $55, however, the pessimist price target for the company is $32.


For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays maintains their rating on the shares of Activision Blizzard Inc (NASDAQ:ATVI). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $45 per share from $42 per share. The rating by the firm was issued on August 5, 2016.

Activision Blizzard Inc (NASDAQ:ATVI): stock was range-bound between the intraday low of $43.23 and the intraday high of $44.23 after having opened at $43.74 on Wednesdays session. The stock finally closed in the red at $43.74, a loss of -0.30%. The stock remained in the red for the whole trading day. The total traded volume was 9,687,107 shares. The stock failed to cross $44.23 in Wednesdays trading. The stocks closing price on Thursday was $43.51.

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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