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Bally Technologies (NYSE:BYI) was downgraded by stock analysts at Jefferson Research from a “buy” rating to a “hold” rating in a report issued on Friday, Analyst Ratings Net reports.

In other Bally Technologies news, CEO Ramesh Srinivasan purchased 15,000 shares of the stock on the open market in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average cost of $67.54 per share, for a total transaction of $1,013,100.00. Following the acquisition, the chief executive officer now directly owns 105,936 shares of the company’s stock, valued at approximately $7,154,917. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BYI has been the subject of a number of other recent research reports. Analysts at Janney Montgomery Scott downgraded shares of Bally Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, February 10th. They now have a $73.00 price target on the stock, down previously from $90.00. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Bally Technologies from $85.00 to $89.00 in a research note on Friday, February 7th. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Bally Technologies in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $83.75.

Bally Technologies (NYSE:BYI) traded down 0.94% on Friday, hitting $67.69. 121,119 shares of the company’s stock traded hands. Bally Technologies has a 52-week low of $47.00 and a 52-week high of $82.67. The stock has a 50-day moving average of $74.67 and a 200-day moving average of $73.36. The company has a market cap of $2.612 billion and a P/E ratio of 20.09.

Bally Technologies (NYSE:BYI) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.05. The company had revenue of $285.20 million for the quarter, compared to the consensus estimate of $300.21 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. On average, analysts predict that Bally Technologies will post $4.40 earnings per share for the current fiscal year.

Bally Technologies, Inc (NYSE:BYI) is a global gaming company, which designs, manufactures, operates, and distributes advanced technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications.

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