Morgan Stanley Initiates Coverage on Activision Blizzard to Overweight

Morgan Stanley Initiates Coverage on Activision Blizzard(NASDAQ:ATVI). The shares have been rated Overweight. The rating by Morgan Stanley was issued on Sep 23, 2016.

In a different note, On Aug 5, 2016, UBS said it Maintains its rating on Activision Blizzard. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, Barclays said it Maintains its rating on Activision Blizzard. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 5, 2016, Jefferies said it Maintains its rating on Activision Blizzard. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, MKM Partners said it Downgrades its rating on Activision Blizzard. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Neutral’ by the firm.

Activision Blizzard (ATVI) made into the market gainers list on Tuesdays trading session with the shares advancing 0.52% or 0.23 points. Due to strong positive momentum, the stock ended at $44.21, which is also near the day’s high of $44.27. The stock began the session at $43.91 and the volume stood at 88,61,960 shares. The 52-week high of the shares is $45.12 and the 52 week low is $26.49. The company has a current market capitalization of $32,780 M and it has 74,14,67,060 shares in outstanding.

Activision Blizzard(ATVI) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.57B. Analysts had an estimated revenue of $1.44B. Earnings per share were $0.45. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Sep 16, 2016, Thomas Tippl (Chief Operating Officer) sold 75,000 shares at $43.76 per share price.Also, On Sep 16, 2016, Robert J Morgado (director) sold 29,999 shares at $43.60 per share price.On Sep 7, 2016, Christopher B Walther (Chief Legal Officer) sold 45,574 shares at $42.73 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s operating segments include Activision Publishing Inc. and its subsidiaries Blizzard Entertainment Inc. and its subsidiaries and Activision Blizzard Distribution.

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