Barclays reissued their buy rating on shares of Activision Blizzard (NASDAQ:ATVI) in a research report sent to investors on Sunday morning. The firm currently has a $59.00 target price on the stock.

ATVI has been the subject of a number of other reports. Gabelli assumed coverage on Activision Blizzard in a research report on Tuesday, December 4th. They set a buy rating and a $64.00 target price for the company. MKM Partners lowered their price target on Activision Blizzard to $71.00 and set a neutral rating for the company in a research report on Tuesday, October 30th. Stephens initiated coverage on Activision Blizzard in a research report on Thursday. They issued an overweight rating and a $65.00 price target for the company. Bank of America lowered their price target on Activision Blizzard from $77.00 to $68.00 and set a neutral rating for the company in a research report on Friday, November 9th. Finally, Jefferies Financial Group set a $85.00 price target on Activision Blizzard and gave the stock a buy rating in a research report on Saturday, November 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $72.58.

NASDAQ ATVI opened at $46.54 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.09 and a debt-to-equity ratio of 0.25. The company has a market cap of $38.79 billion, a PE ratio of 22.70, a PEG ratio of 1.42 and a beta of 1.02. Activision Blizzard has a one year low of $43.71 and a one year high of $84.68.

Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, November 8th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Activision Blizzard had a net margin of 8.07% and a return on equity of 15.44%. The firm’s revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. On average, sell-side analysts expect that Activision Blizzard will post 2.35 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Financial Enhancement Group LLC bought a new stake in shares of Activision Blizzard during the third quarter worth $575,000. Capital International Investors increased its stake in shares of Activision Blizzard by 233.8% during the third quarter. Capital International Investors now owns 9,072,649 shares of the company’s stock valued at $754,754,000 after buying an additional 6,354,412 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Activision Blizzard by 10.2% during the third quarter. Riverhead Capital Management LLC now owns 12,599 shares of the company’s stock valued at $1,048,000 after buying an additional 1,168 shares during the period. Iridian Asset Management LLC CT increased its stake in shares of Activision Blizzard by 40.4% during the third quarter. Iridian Asset Management LLC CT now owns 2,792,379 shares of the company’s stock valued at $232,298,000 after buying an additional 803,888 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Activision Blizzard by 2.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 719,206 shares of the company’s stock valued at $59,830,000 after buying an additional 16,360 shares during the period. Institutional investors and hedge funds own 89.66% of the company’s stock.

Activision Blizzard Company Profile

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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Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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