Rovi Corporation (ROVI) : Analyst Rating Update

Rovi Corporation (ROVI) : Zacks Investment Research ranks Rovi Corporation (ROVI) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.4, which indicates as a Strong Buy.

Rovi Corporation (ROVI) : The highest level Rovi Corporation (ROVI) is projected to reach is $32 for the short term and the lowest estimate is at $29. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $30 and the possibility the share price can swing is $1.73.

Rovi Corporation (NASDAQ:ROVI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.70 and $15.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.32, notching a gain of 2.90% for the day. The total traded volume was 1,327,968 . The stock had closed at $15.86 on the previous day.

The company shares have dropped -2.40% from its 1 Year high price. On Mar 1, 2016, the shares registered one year high at $23.70 and the one year low was seen on Oct 29, 2015. The 50-Day Moving Average price is $16.34 and the 200 Day Moving Average price is recorded at $18.07.

Rovi Corporation is a digital entertainment technology company. The Company is focused on content discovery and personalization through its technology and intellectual property, using data and analytics to monetize interactions across various entertainment platforms. Content discovery solutions include interactive program guides (IPGs), search and recommendations, cloud data services and its database of metadata, which includes descriptive information, promotional images or other content that describe or relate to Television shows, videos, movies, music, books, games or other entertainment content. The Company also offers advertising and analytics services. The Company operates under the following segments: Intellectual Property Licensing, Products and Corporate. Its solutions are deployed around the world in the cable, satellite, consumer electronics, entertainment, media and online distribution markets.

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