Ubisoft Entertainment (OTCMKTS:UBSFY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.
According to Zacks, “Ubisoft Entertainment operates in parts of Europe, Canada and the United States and its primary activities are the production, publishing and distribution of interactive entertainment products. Products include video games, educational and cultural software, cartoons, literary, multimedia, audio-visual products, cinematographic and television works. Some of its brands are Driver, Anno, Endwar and Tom Clancy. ”
Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Ubisoft Entertainment from €62.00 ($68.13) to €55.00 ($60.44) and set an “overweight” rating for the company in a research report on Friday, December 10th. Barclays reduced their price target on shares of Ubisoft Entertainment from €45.70 ($50.22) to €43.50 ($47.80) and set an “equal weight” rating for the company in a research report on Monday, December 13th. Morgan Stanley cut their price objective on shares of Ubisoft Entertainment from €70.00 ($76.92) to €62.00 ($68.13) in a report on Monday, January 10th. Finally, Benchmark raised shares of Ubisoft Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 22nd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $53.10.
OTCMKTS:UBSFY traded down $0.53 during mid-day trading on Wednesday, hitting $8.24. The company’s stock had a trading volume of 1,004,620 shares, compared to its average volume of 178,462. The business’s fifty day moving average is $10.46 and its two-hundred day moving average is $10.77. Ubisoft Entertainment has a 1 year low of $8.19 and a 1 year high of $16.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.24 and a quick ratio of 2.18.
About Ubisoft Entertainment
Ubisoft Entertainment SA is a holding company, which engages in the production, publication, and distribution of multimedia, audiovisual, and information technology products. It creates and publishes video games, educational and cultural software, cartoons and literary, and cinematographic and television works.