Rovi Corporation ROVI was a big mover last session with its shares rising over 8% on the day. The upside came on Cowen & Co. upgrading the company following its set-top box license renewal with AT&T T on Dec 23. This development led to far more shares changing hands yesterday than in a normal session. The move continues the recent uptrend of the company as the stock has gained over 50% since Dec 11.
This digital entertainment company has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Thursday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
Rovi currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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