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Equities researchers at Wells Fargo began coverage on shares of International Game Technology (NYSE: IGT) in a report issued on Tuesday. The firm set an “outperform” rating on the stock.

Shares of International Game Technology (NYSE: IGT) traded up 0.88% during mid-day trading on Tuesday, hitting $17.13. International Game Technology has a one year low of $10.92 and a one year high of $17.49. The stock’s 50-day moving average is currently $16.32. The company has a market cap of $4.529 billion and a P/E ratio of 18.44.

International Game Technology (NYSE: IGT) last posted its quarterly earnings results on Tuesday, January 22nd. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.04. The company had revenue of $530.30 million for the quarter, compared to the consensus estimate of $527.23 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis. International Game Technology has set its FY13 guidance at $1.20-1.30 EPS. Analysts expect that International Game Technology will post $1.26 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on IGT. Analysts at Zacks reiterated a “neutral” rating on shares of International Game Technology in a research note to investors on Friday, February 15th. They now have a $17.00 price target on the stock. Separately, analysts at Argus upgraded shares of International Game Technology from a “hold” rating to a “buy” rating in a research note to investors on Friday, February 8th. They now have a $20.00 price target on the stock. Finally, analysts at Credit Suisse raised their EPS on shares of International Game Technology in a research note to investors on Wednesday, January 23rd. They now have a “neutral” rating and a $16.00 price target on the stock.

One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.06.

The company also recently declared a quarterly dividend, which is scheduled for Friday, April 5th. Shareholders of record on Thursday, March 21st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, March 19th. This is a positive change from International Game Technology’s previous quarterly dividend of $0.07.

International Game Technology (NYSE: IGT)is a global gaming company specializing in the design, development, manufacture, and marketing of electronic gaming equipment and systems products, including online and mobile solutions.

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