Stock Update (NASDAQ:ATVI): Activision Blizzard Recognized as One of Fortune’s Best Companies to Work For® in 2015


Activision Blizzard, Inc. (NASDAQ:ATVI) has been named to Fortune’s 100 Best Companies to Work For® list in 2015, marking its first-ever placement on the prestigious list.

Activision Blizzard’s rich culture, where fun, creativity and operational excellence are celebrated, has fostered great pride among its employees. The results of the Great Place to Work® Trust Index© survey found that Activision Blizzard ranked highly with its employees in the great pride, great credibility, and great camaraderie categories. The vast majority of Activision Blizzard employees cited the friendly atmosphere where people can be themselves and the commitment to give extra to get the job done as highlights of the employee culture.

“We have always considered Activision Blizzard to be one of the greatest places to work,” said Bobby Kotick, Chief Executive Officer of Activision Blizzard. “To be recognized for it by others is gratifying and rewarding but being acknowledged as a great place to work by our own people means more to me than just about anything. They are the reason we are being recognized today.”

Activision Blizzard’s rich history includes combining the most talented developers and publishers in the entertainment industry, Activision Publishing andBlizzard Entertainment, to create today’s largest and most profitable western interactive entertainment publishing company that employs over 7,000 people globally. The company’s talented employees have created some of the most popular and beloved entertainment franchises in the world includingCall of Duty®, Destiny®, Diablo®, Skylanders®, StarCraft® and World of Warcraft®, which have been played by hundreds of millions of people around the world.

“In our early days, we were selling the office furniture just to make payroll. Today, we’re one of the largest and most successful entertainment companies in the world – and that’s entirely due to the exceptionally talented, inspired, driven, and hard-working people at Activision Blizzard. I couldn’t be prouder of their accomplishments,” added Kotick.

Activision Blizzard continues to grow and is currently hiring for more than 1,150 positions across its global offices. To apply for a position or learn more about why Activision Blizzard is a great place to work, visit www.activisionblizzard.com/careers or the career pages of Activision Publishing atwww.activision.com/careers and Blizzard Entertainment at www.jobs.blizzard.com.

Methodology

Fortune partners annually with Great Place to Work® to conduct the most extensive employee survey in corporate America to identify the 100 Best Companies to Work For ®. Two-thirds of a company’s survey score is based on the results of the Trust Index© Employee Survey, which is sent to a random sample of employees from each company. This survey asks questions related to employees’ attitudes about management’s credibility, overall job satisfaction, and camaraderie. The other third is based on responses to the Culture Audit©, which includes detailed questionnaires about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs and diversity efforts.

Shares of Activision Blizzard Inc closed yesterday at $22.93 . ATVI has a 1-year high of $24.18 and a 1-year low of $17.73. The stock’s 50-day moving average is $21.88 and it’s 200-day moving average is $21.12.

On the ratings front, Activision Blizzard Inc has been the subject of a number of recent research reports. In a report issued on February 6, BMO analyst Edward Williams reiterated a Buy rating on ATVI, with a price target of $25, which represents a potential upside of 9.0% from where the stock is currently trading. Separately, on the same day, Barclays’ Christopher Merwin maintained a Buy rating on the stock and has a price target of $25.

According to TipRanks, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Edward Williams and Christopher Merwin has a total average return of 18.3% and -4.7% respectively. Williams has a success rate of 58.3% and is ranked 646 out of 3505 while Merwin has a success rate of 59.1% and is ranked 3055

In total, 4 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 $22.93 which is 9.0% above where the stock closed yesterday.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts