International Game Technology (NYSE:IGT) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, January 3rd.
A number of other equities analysts have also commented on IGT. Deutsche Bank raised their price target on shares of International Game Technology to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Argus raised shares of International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, November 29th. Finally, Bank of America raised their target price on shares of International Game Technology from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.70.
International Game Technology (IGT) opened at $27.79 on Wednesday. International Game Technology has a 1-year low of $17.25 and a 1-year high of $29.36. The company has a market cap of $5,674.12, a price-to-earnings ratio of 16.30 and a beta of 1.56. The company has a current ratio of 0.84, a quick ratio of 0.70 and a debt-to-equity ratio of 2.66.
Hedge funds and other institutional investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its position in shares of International Game Technology by 101.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,790 shares of the company’s stock worth $116,000 after purchasing an additional 2,911 shares during the period. Sigma Planning Corp acquired a new position in shares of International Game Technology in the 3rd quarter worth approximately $214,000. Pinnacle Associates Ltd. lifted its position in shares of International Game Technology by 14.4% in the 2nd quarter. Pinnacle Associates Ltd. now owns 11,467 shares of the company’s stock worth $210,000 after purchasing an additional 1,445 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of International Game Technology by 3,030.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,644 shares of the company’s stock worth $286,000 after purchasing an additional 11,272 shares during the period. Finally, Synovus Financial Corp bought a new stake in shares of International Game Technology in the 3rd quarter valued at $316,000. Hedge funds and other institutional investors own 40.64% of the company’s stock.
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International Game Technology Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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