Analysts Downgrade: Activision Blizzard, Inc. (NASDAQ:ATVI)

Zero analyst has rated the stock with a sell rating, 1 has assigned a hold rating, 3 says it’s a buy, and 12 have assigned a strong buy rating to the company. Stock value has moved between $11.38 – 47.61 in last one year. The stock price is moving up from its 20 days moving average with 2.10% and isolated positively from 50 days moving average with 5.72%. The company has the institutional ownership of 71.80% while the Beta factor was 0.98. (NASDAQ:ATVI), according to U.S. Securities and Exchange Commission (SEC) filings. ATVI COO Tippl Thomas also sold 300,000 shares, at a stock price of $39.08. Company net profit margin stands at 17.10% whereas its return on equity (ROE) is 10.30%. The disclosure for this sale can be found here. The company had revenue of $908.00 million for the quarter, compared to analysts expectations of $813.79 million. (Blizzard) and its subsidiaries, and Other segments. The actual earnings per share number of $0.19 was $0.09 away from the consensus analyst number. Jefferies Group restated a “buy” rating on shares of Activision Blizzard in a report on Monday, July 18th.

During the 52-week period, the peak price level of the share was observed at $38.43; this is higher price of share and down price level of the share was seen at $27.92; this is lower price at which share is traded. The company has market capitalization of $1.66B. Earlier the firm had a rating of “Buy ” on the company shares. Average volume for Activision Blizzard, Inc., is 9486.13, and…

Activision Blizzard, Inc. (ATVI) on June 16, 2016 announced that “Skylanders Academy”, the first production by Activision Blizzard Studios-its newly created television and film studio-will premiere in Fall 2016 on Netflix, the world’s leading internet television network.

The 52 week high of shares in Activision Blizzard is 43.05 while the 52 week low for the company’s shares is 24.04.

Activision Blizzard, Inc.’s (ATVI) stock price showed weak performance of -2.42% in last seven days, switched up 8.31% in last thirty days and it rose 56.27% in last one year.

On the company’s financial health, Activision Blizzard reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 5, 2016. Activision Blizzard’s revenue was up 29.2% on a year-over-year basis. On average, analysts expect that Activision Blizzard will post $1.86 EPS for the current year.

Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc.