International Game Technology (NYSE:IGT) Receiving Somewhat Favorable Media Coverage, Report Finds

News headlines about International Game Technology (NYSE:IGT) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. International Game Technology earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.3443710298526 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have effected Accern’s analysis:

Shares of International Game Technology (NYSE:IGT) traded down $0.24 during trading on Friday, hitting $27.79. 730,028 shares of the company were exchanged, compared to its average volume of 1,098,170. The company has a quick ratio of 0.70, a current ratio of 0.84 and a debt-to-equity ratio of 2.66. The firm has a market cap of $5,625.53, a PE ratio of -6.18 and a beta of 1.56. International Game Technology has a 1-year low of $17.25 and a 1-year high of $29.36.

International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.16. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. International Game Technology had a negative net margin of 18.62% and a positive return on equity of 10.68%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. equities analysts predict that International Game Technology will post 1.23 EPS for the current year.

A number of brokerages recently issued reports on IGT. Argus upgraded shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, November 29th. Deutsche Bank began coverage on shares of International Game Technology in a research report on Tuesday, September 26th. They set a “buy” rating and a $30.00 target price for the company. ValuEngine cut shares of International Game Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Bank of America upgraded shares of International Game Technology from a “neutral” rating to a “buy” rating and increased their target price for the stock from $24.00 to $30.00 in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $30.70.

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About International Game Technology

International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.

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