Company Update (NASDAQ: ATVI): Activision’s Call of Duty Championship, Presented by Xbox Prepares to Boost eSports to New Heights

(BUSINESS WIRE)– It’s time to determine who is the best of the best as the third annual Call of Duty® Championship, presented by Xbox tournament will bring the top Call of Duty® eSport athletes in the world to Los Angeles, March 27 – 29, in the definitive Call of Duty competition. Activision, Sledgehammer Games and Xbox, in partnership with Major League Gaming (MLG) and additional international eSports partners, will play host to 32 of the best Call of Duty teams from around the world, as they compete in Call of Duty®: Advanced Warfare and the rights to be called the Call of Duty “World Champions,” and ultimately claim the lion’s share of the tournament’s $1 million prize purse in the crowning contest where Power Changes Everything. This year’s tournament will include a variety of compelling programming covering the weekend’s non-stop excitement and hard fought matches, with the final match live streamed on the Xbox Live online entertainment network and other broadcast partners for the world to experience in real time… Read more

Shares of Activision Blizzard Inc opened today at $19.25 . ATVI has a 1-year high of $24.18 and a 1-year low of $16.55. The stock’s 50-day moving average is $20.55 and it’s 200-day moving average is $21.43.

On the ratings front, Activision Blizzard Inc has been the subject of a number of recent research reports. In a report published on December 12, analyst Michael Olsen from Piper Jaffray reiterated a Buy rating on ATVI, with a price target of $24, which implies an upside of 24.7% from current levels. Separately, on November 20, Wedbush`s Michael Pachter reiterated a Buy rating on Activision Blizzard Inc shares and has a price target of 31.0000.

7 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is 19.25$ which is 35.9% above where the stock opened today.

Activision Blizzard Inc is an online, personal computer, video game console, tablet, handheld, and mobile game publisher. It has three operating segments: – Activision Publishing, Inc., Blizzard Entertainment, Inc. and Activision Blizzard Distribution.

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