Media stories about Activision Blizzard (NASDAQ:ATVI) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Activision Blizzard earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.0100450915745 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- After Replaying ‘Destiny 1,’ Here Are 10 Things I Don’t Miss At All (finance.yahoo.com)
- Activision Blizzard, Inc. (ATVI) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Activision Publishing CEO Eric Hirshberg Is Leaving the Company (finance.yahoo.com)
- Putting the Heat on Activision Blizzard, Inc. (ATVI), The Walt Disney Company (DIS) – Market Movers (financialqz.com)
- Putting the Heat on Activision Blizzard, Inc. (ATVI), The Walt Disney … – Market Movers (financialqz.com)
A number of equities research analysts have recently commented on ATVI shares. SunTrust Banks set a $72.00 price target on shares of Activision Blizzard and gave the company a “buy” rating in a report on Sunday, October 29th. Wedbush set a $75.00 price target on shares of Activision Blizzard and gave the company a “buy” rating in a report on Thursday, October 26th. KeyCorp reiterated a “buy” rating and set a $74.00 price target on shares of Activision Blizzard in a report on Tuesday, October 17th. Needham & Company LLC reiterated a “buy” rating and set a $75.00 price target on shares of Activision Blizzard in a report on Thursday, October 12th. Finally, Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 price objective on the stock in a research report on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $70.04.
Activision Blizzard (NASDAQ ATVI) traded up $0.77 on Friday, reaching $70.57. 5,210,000 shares of the company’s stock traded hands, compared to its average volume of 5,520,000. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. Activision Blizzard has a fifty-two week low of $38.38 and a fifty-two week high of $71.18. The company has a market capitalization of $53,950.00, a P/E ratio of 48.34, a PEG ratio of 2.05 and a beta of 1.02.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.11. Activision Blizzard had a net margin of 15.90% and a return on equity of 17.56%. research analysts expect that Activision Blizzard will post 2.1 earnings per share for the current year.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the transaction, the chief executive officer now directly owns 41,435 shares in the company, valued at $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.12% of the stock is currently owned by company insiders.
Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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