Somewhat Favorable News Coverage Somewhat Unlikely to Impact Activision Blizzard (ATVI) Stock Price

News stories about Activision Blizzard (NASDAQ:ATVI) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Activision Blizzard earned a news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.5490239062229 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Shares of Activision Blizzard (NASDAQ:ATVI) opened at $66.83 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. The firm has a market capitalization of $50,530.00, a P/E ratio of 45.77, a P/E/G ratio of 1.94 and a beta of 1.02. Activision Blizzard has a 52 week low of $38.30 and a 52 week high of $67.40.

A number of equities research analysts have recently weighed in on ATVI shares. Buckingham Research initiated coverage on Activision Blizzard in a report on Wednesday, September 20th. They issued a “buy” rating and a $79.00 price target for the company. BMO Capital Markets reiterated a “market perform” rating and set a $62.00 price target (up previously from $60.00) on shares of Activision Blizzard in a research report on Wednesday, September 20th. Robert W. Baird reissued an “outperform” rating and issued a $68.00 price objective on shares of Activision Blizzard in a research note on Wednesday, September 20th. Vetr raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 price objective on the stock in a research note on Wednesday, September 27th. Finally, Barclays began coverage on Activision Blizzard in a research note on Wednesday, October 4th. They issued an “equal weight” rating and a $65.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $69.94.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the transaction, the chief executive officer now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.12% of the company’s stock.

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About Activision Blizzard

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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