Electronic Arts Stock Rating Upgraded by UBS AG (EA)

Posted by: Ghasem Abdullahian Posted date: March 21, 2013 In: Analyst Articles - US, Investing

Electronic Arts (NYSE: EA) was upgraded by UBS AG from a “neutral” rating to a “buy” rating in a research note issued on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Longbow Research upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. Separately, analysts at Hilliard Lyons reiterated a “neutral” rating on shares of Electronic Arts in a research note to investors on Wednesday. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Electronic Arts in a research note to investors on Tuesday.

One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $18.80.

Electronic Arts (NYSE: EA) traded up 2.48% on Thursday, hitting $17.77. Electronic Arts has a 1-year low of $10.77 and a 1-year high of $19.51. The stock’s 50-day moving average is currently $17.66. The company has a market cap of $5.332 billion and a price-to-earnings ratio of 31.70.

Electronic Arts (NYSE: EA) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.01. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.99 earnings per share. Electronic Arts’s revenue was down 28.4% compared to the same quarter last year. Electronic Arts has set its Q4 guidance at $0.57-0.72 EPS and its FY13 guidance at $0.86-1.00 EPS. Analysts expect that Electronic Arts will post $0.90 EPS for the current fiscal year.

Electronic Arts Inc. develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices (NYSE: EA).

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