Activision Blizzard, Inc (ATVI) Given "Buy" Rating at Mizuho

Yolanda Curtis
February 17, 2017

United States of America based company, Activision Blizzard, Inc.'s (ATVI)'s latest closing price distance was at 13.42% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 17.99% and 12.16% compared with the 20 Day Moving Average. The Stock now has a Weekly Volatility of 3.23% and Monthly Volatility of 2.00%. The research firm Initiated the stock to Overweight. The Low Price target projection by analysts is $42 and the Mean Price Target is $50.63.

Investors certainly have to be happy with Activision Blizzard, Inc.

ACTIVISION BLIZZARD, INC.is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry.

2/13/2017-Hilliard Lyons was Downgraded by analysts at Hilliard Lyons from a "Buy " rating to a " Underperform" rating. The target implies a 7.7% spike from where the shares are now trading. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company.


Jefferies Group LLC reissued their buy rating on shares of Activision Blizzard, Inc (NASDAQ:ATVI) in a research note released on Thursday morning. Newmont Mining Corporation has 4 buy ratings, 6 holds and 0 sells even after the stock tumbled -19.45% from its high of $46.07 to a $19.66 billion market value through 2/15/2017. Earnings, with 19 analysts believing the company would generate an Average Estimate of $0.22. Activision Blizzard has a 52-week low of $28.65 and a 52-week high of $47.64. (NASDAQ:ATVI) [Trend Analysis], as shares plunging -1.58% to $44.98 with a share volume of 15.3 Million.

Looking forward, the company is expected to report earnings of $0.22 per share for the current quarter. (NASDAQ:ATVI) is projected at -4.3 percent in the Current Quarter and -40.7 percent in the Next Quarter, according to analysts. Return on Equity (ROE) stands at 11.1% and Return on Investment (ROI) of 8.4 percent.

EPS in next five year years is expected to touch 16.13% while EPS growth in past 5 year was 6.70% along with sales growth of 6.80% in the last five years. Finally, Winslow Capital Management LLC bought a new position in Activision Blizzard during the second quarter worth approximately $258,954,000. The difference between the estimated and actual earnings was $0.19 per share.

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In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on Thursday, November 17th. It has a past 5-day performance of -8.1 percent and trades at an average volume of 17.95M shares. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The stock was sold at an average price of $45.67, for a total transaction of $230,085,368.66. Following the transaction, the director now directly owns 559,850 shares in the company, valued at $25,568,349.50. The disclosure for this sale can be found here. Insiders own 25.23% of the company's stock.

Activision Blizzard, Inc. (NASDAQ:ATVI)'s growth estimate is -4.3 percent for the current quarter. (NASDAQ:ATVI) in a note sent to investors on 23-Sep-16. The firm has price volatility of 1.93% for a week and 2.07% for a month. Advisory Services Network LLC boosted its position in Activision Blizzard by 24.0% in the third quarter.

The current price is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the momentum for driving the share price higher. The Q.i. value may help spot companies that are undervalued. Hedge funds and other institutional investors own 86.29% of the company's stock.

Activision Blizzard (NASDAQ:ATVI) pays an annual dividend of $0.26 with a yield of 0.57%.


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