Equities research analysts at UBS AG initiated coverage on shares of Activision Blizzard (NASDAQ: ATVI) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $17.00 price target on the stock. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Activision Blizzard from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, March 28th. They now have a $14.80 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Activision Blizzard from $19.00 to $21.00 in a research note to investors on Tuesday, March 26th. Finally, analysts at Stifel Nicolaus raised their price target on shares of Activision Blizzard from $15.00 to $17.00 in a research note to investors on Friday, March 15th. They now have a “buy” rating on the stock.
Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Activision Blizzard has a consensus rating of “Buy” and an average target price of $16.27.
Shares of Activision Blizzard (NASDAQ: ATVI) traded up 1.84% during mid-day trading on Tuesday, hitting $14.705. Activision Blizzard has a one year low of $10.45 and a one year high of $15.08. The stock’s 50-day moving average is currently $14.39. The company has a market cap of $16.377 billion and a P/E ratio of 14.30.
Activision Blizzard (NASDAQ: ATVI) last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.06. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Activision Blizzard has set its Q1 guidance at $0.10 EPS and its FY13 guidance at $0.80 EPS. Analysts expect that Activision Blizzard will post $0.86 EPS for the current fiscal year.
Activision, Inc. (NASDAQ: ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.