Ascendiant Capital Starts Activision Blizzard (ATVI) at Buy; Attractive As Key Games and High Cash Flow to Drive Upside
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Price: $94.42 --0%
Rating Summary:
22 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
22 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Ascendiant Capital initiates coverage on Activision Blizzard (NASDAQ: ATVI) with a Buy. PT $16.00.
Analyst, Edward Woo, said, "Activision’s recent Q4 results were better than expected, with revenue of $2.41 billion and EPS of $0.62 compared with guidance for revenue of $2.17 billion and EPS of $0.55. Although the company expects 2012 to be just slightly better than 2011, we believe guidance is conservative and that better visibility into several key games should drive guidance and expectations higher."
"We believe its larger size allows it the resources to be competitive in an industry that is requiring increasing scale and investments to produce highly successful video games.
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 $12.77 yesterday.
Analyst, Edward Woo, said, "Activision’s recent Q4 results were better than expected, with revenue of $2.41 billion and EPS of $0.62 compared with guidance for revenue of $2.17 billion and EPS of $0.55. Although the company expects 2012 to be just slightly better than 2011, we believe guidance is conservative and that better visibility into several key games should drive guidance and expectations higher."
"We believe its larger size allows it the resources to be competitive in an industry that is requiring increasing scale and investments to produce highly successful video games.
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 $12.77 yesterday.
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