KeyCorp reaffirmed their overweight rating on shares of Activision Blizzard (NASDAQ:ATVI) in a research report released on Friday, Marketbeat Ratings reports. The brokerage currently has a $80.00 price target on the stock, down from their previous price target of $85.00.

ATVI has been the subject of several other research reports. Barclays raised shares of Activision Blizzard from an equal weight rating to an overweight rating and increased their price objective for the stock from $79.00 to $86.00 in a research report on Monday, October 15th. MKM Partners lowered their price objective on shares of Activision Blizzard to $71.00 and set a neutral rating for the company in a research report on Tuesday, October 30th. Zacks Investment Research cut shares of Activision Blizzard from a buy rating to a hold rating in a report on Wednesday, August 8th. Piper Jaffray Companies increased their target price on shares of Activision Blizzard to $84.00 and gave the stock an overweight rating in a report on Wednesday, July 25th. Finally, BidaskClub upgraded shares of Activision Blizzard from a hold rating to a buy rating in a report on Saturday, September 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $77.62.

Shares of ATVI stock traded down $7.78 during trading hours on Friday, hitting $55.01. 34,539,389 shares of the company were exchanged, compared to its average volume of 9,550,354. The company has a quick ratio of 2.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.42. Activision Blizzard has a 52 week low of $53.50 and a 52 week high of $84.68. The company has a market capitalization of $49.63 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 1.73 and a beta of 1.11.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). Activision Blizzard had a return on equity of 16.39% and a net margin of 6.96%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the company earned $0.25 EPS. The firm’s revenue was down 12.6% on a year-over-year basis. On average, equities analysts expect that Activision Blizzard will post 2.49 EPS for the current year.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Monday, August 20th. The shares were sold at an average price of $68.70, for a total value of $1,357,580.70. Following the completion of the sale, the chief executive officer now owns 20,324 shares in the company, valued at $1,396,258.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.29% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Asset Advisors Investment Management LLC acquired a new stake in Activision Blizzard in the third quarter valued at $100,000. Ashburton Jersey Ltd acquired a new stake in Activision Blizzard in the second quarter valued at $107,000. Quad Cities Investment Group LLC acquired a new stake in Activision Blizzard in the second quarter valued at $114,000. NuWave Investment Management LLC acquired a new stake in Activision Blizzard in the second quarter valued at $121,000. Finally, Psagot Investment House Ltd. acquired a new stake in Activision Blizzard in the third quarter valued at $135,000. Hedge funds and other institutional investors own 86.92% of the company’s stock.

Activision Blizzard Company Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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