Brean Murray Carret & Co. Maintains a 'Buy' on Activision Blizzard (ATVI); China to Get Call of Duty Online
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Price: $14.23 -2.47%
Rating Summary:
13 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
13 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade ATVI Now!
Brean Murray Carret & Co. maintains a 'Buy' on Activision Blizzard (NASDAQ: ATVI) price target of $16.00.
Analyst, Todd Mitchell, said, " Activision announced a partnership with Chinese ISP Tencent Holdings for a PC-based Call of Duty Online in early 2013. The multi-year agreement gives Tencent exclusive license to operate Call of Duty online in mainland China. After an initial review of gameplay video, we believe CoD Online will raise the bar for online FPS in China...ATVI believes this will allow CoD to take share from Crossfire, which it estimates generates $1 billion a year in revenues."
"With shares trading at a discount to growth, we see the potential for upside to current share price."
For an analyst ratings summary and ratings history on Activision Blizzard click here. For more ratings news on Activision Blizzard click here.
Shares of Activision Blizzard closed at $12.46 yesterday, with a 52 week range of $10.40-$14.40.
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Analyst, Todd Mitchell, said, " Activision announced a partnership with Chinese ISP Tencent Holdings for a PC-based Call of Duty Online in early 2013. The multi-year agreement gives Tencent exclusive license to operate Call of Duty online in mainland China. After an initial review of gameplay video, we believe CoD Online will raise the bar for online FPS in China...ATVI believes this will allow CoD to take share from Crossfire, which it estimates generates $1 billion a year in revenues."
"With shares trading at a discount to growth, we see the potential for upside to current share price."
For an analyst ratings summary and ratings history on Activision Blizzard click here. For more ratings news on Activision Blizzard click here.
Shares of Activision Blizzard closed at $12.46 yesterday, with a 52 week range of $10.40-$14.40.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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