Zacks cut shares of Activision Blizzard (NASDAQ: ATVI) from a neutral rating to an underperform rating in a research report sent to investors on Thursday morning. The firm currently has $13.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie raised their price target on shares of Activision Blizzard from $13.00 to $15.00 in a research note to investors on Monday, February 11th. Separately, analysts at Bank of America reiterated a neutral rating on shares of Activision Blizzard in a research note to investors on Friday, February 8th. They now have a $14.50 price target on the stock, up previously from $14.00. Finally, analysts at Brean Murray reiterated a buy rating on shares of Activision Blizzard in a research note to investors on Friday, February 8th. They now have a $15.00 price target on the stock.
Twenty-one research analysts have rated the stock with a buy rating, three have assigned an overweight rating, and two have given a hold rating to the company’s stock. The company has an average rating of buy and a consensus target price of $15.67.
Activision Blizzard opened at 14.37 on Thursday. Activision Blizzard has a 1-year low of $10.45 and a 1-year high of $14.52. The stock’s 50-day moving average is currently $11.75. The company has a market cap of $15.965 billion and a price-to-earnings ratio of 13.92.
The company also recently announced a annual dividend, which is scheduled for Wednesday, May 15th. Shareholders of record on Wednesday, March 20th will be paid a dividend of $0.19 per share. This represents a dividend yield of 1.42%. The ex-dividend date is Monday, March 18th. This is a positive change from Activision Blizzard’s previous annual dividend of $0.18.
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