Activision Blizzard (ATVI) Receives Daily News Impact Score of 1.43
Press coverage about Activision Blizzard (NASDAQ:ATVI) has been trending somewhat positive recently, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Activision Blizzard earned a coverage optimism score of 1.43 on their scale. InfoTrie also gave headlines about the company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Activision Blizzard’s score:
- Call of Duty: Black Ops 4 Battle Edition Available Now for PC Exclusively on Blizzard Battle.net® (finance.yahoo.com)
- There Is Reason to Like Videogame Stocks, but Competition Is a Major Risk (finance.yahoo.com)
- Call of Duty® World League (CWL) Adds New Sponsors for 2019 Season (finance.yahoo.com)
- Activision Blizzard (ATVI) Raised to Overweight at JPMorgan Chase & Co. (americanbankingnews.com)
- JPMorgan upgrades Activision on long-term potential (seekingalpha.com)
ATVI has been the topic of a number of research reports. Zacks Investment Research lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. JPMorgan Chase & Co. upgraded shares of Activision Blizzard from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $72.00 to $66.00 in a report on Thursday. Credit Suisse Group cut their target price on shares of Activision Blizzard from $85.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, November 9th. Gabelli initiated coverage on shares of Activision Blizzard in a research report on Tuesday. They set a “buy” rating and a $64.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on shares of Activision Blizzard from $80.00 to $72.00 and set a “positive” rating for the company in a research report on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $75.38.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the company earned $0.25 earnings per share. The firm’s revenue was down 12.6% on a year-over-year basis. As a group, equities analysts forecast that Activision Blizzard will post 2.38 earnings per share for the current year.
About Activision Blizzard
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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