NEW YORK (TheStreet) -- Electronic Arts (EA) shares are up 0.6% to $36.27 on Thursday, continuing the momentum it gained from its first quarter earnings beat on Tuesday.
Three different analysts firms changed their rating on the video game company today, with analysts at S&P Capital and Eva Dimensions upgrading the stock to "hold" from "sell".
Analysts at Benchmark (BHE) downgraded the stock to "hold" from "buy" while raising its price target to $41.82 from $41.01.
In separate news, the launch of the company's highly anticipated Battlefield game has been pushed back to early 2015, meaning that it will miss this year's holiday season.
Separately, TheStreet Ratings team rates ELECTRONIC ARTS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate ELECTRONIC ARTS INC (EA) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."