Activision Blizzard rose 1.3% during the afternoon session to $74.41 per share. As reported by Barrons: "Activision Blizzard Stock Is A Buy, Analysts Say-Even If Microsoft's Deal Doesn't Go Through" You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company belongs to the Communication Services sector, which has an average price to earnings (P/E) ratio of 18.65 and an average price to book (P/B) ratio of 2.62. In contrast, Activision Blizzard has a trailing 12 month P/E ratio of 34.9 and a P/B ratio of 3.1.
Activision Blizzard has moved 21.8% over the last year compared to -13.5% for the S&P 500 -- a difference of 35.3%. Activision Blizzard has a 52 week high of $86.9 and a 52 week low of $56.4. At today's price of $74.41 per share, Activision Blizzard is -19.63% away from its target price of $92.58, and on average, analysts give the stock a rating of buy.3.1% of the company's shares are linked to short positions, and 83.0% of the shares are owned by institutional investors.
