A number of research firms have changed their ratings and price targets for Activision Blizzard (NASDAQ: ATVI):
Activision Blizzard Inc. (NASDAQ:ATVI) traded up 1.23% during midday trading on Friday, reaching $43.69. 8,669,033 shares of the company’s stock were exchanged. Activision Blizzard Inc. has a 12 month low of $26.49 and a 12 month high of $45.12. The stock has a market cap of $32.39 billion, a PE ratio of 44.00 and a beta of 1.09. The firm has a 50 day moving average of $43.42 and a 200-day moving average of $39.42.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Activision Blizzard had a net margin of 13.95% and a return on equity of 14.49%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was up 112.0% on a year-over-year basis. On average, equities research analysts predict that Activision Blizzard Inc. will post $1.99 earnings per share for the current year.