Berenberg Bank Keeps a Hold Rating on Activision Blizzard (ATVI)

Berenberg Bank analyst Robert Berg maintained a Hold rating on Activision Blizzard (ATVIResearch Report) on August 9 and set a price target of $48. The company’s shares closed last Monday at $48.24.

According to TipRanks.com, Berg is a 4-star analyst with an average return of 12.7% and a 50.0% success rate. Berg covers the Services sector, focusing on stocks such as Eutelsat Communications, Mediaset España, and Just Eat Plc.

Activision Blizzard has an analyst consensus of Moderate Buy, with a price target consensus of $55.07, implying a 17.2% upside from current levels. In a report issued on July 29, KeyBanc also resumed coverage with a Hold rating on the stock with a $60 price target.

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Activision Blizzard’s market cap is currently $36.06B and has a P/E ratio of 21.49. The company has a Price to Book ratio of 3.01.

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Activision Blizzard, Inc. engages in the development and publication of interactive entertainment. It operates through the following segments: Activision, Blizzard, and King. The Activision segment develops and publishes interactive software products and entertainment content, particularly for the console platform.