International Game Technology Lowered to Hold at Argus (IGT)
International Game Technology (NYSE:IGT) was downgraded by stock analysts at Argus from a “buy” rating to a “hold” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
International Game Technology (NYSE:IGT) opened at 17.58 on Tuesday. International Game Technology has a 1-year low of $14.67 and a 1-year high of $21.20. The stock has a 50-day moving average of $17.43 and a 200-day moving average of $18.43. The company has a market cap of $4.376 billion and a price-to-earnings ratio of 17.07.
International Game Technology (NYSE:IGT) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.04. The company had revenue of $632.00 million for the quarter, compared to the consensus estimate of $603.05 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that International Game Technology will post $1.29 EPS for the current fiscal year.
A number of other firms have also recently commented on IGT. Analysts at Zacks reiterated a “neutral” rating on shares of International Game Technology in a research note to investors on Tuesday, December 3rd. They now have a $18.00 price target on the stock. Separately, analysts at Sterne Agee cut their price target on shares of International Game Technology from $25.00 to $21.50 in a research note to investors on Friday, November 8th. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of International Game Technology from $18.00 to $17.00 in a research note to investors on Friday, November 8th. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.95.
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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