International Game Technology (IGT) Getting Somewhat Critical Media Coverage, Report Finds
Media stories about International Game Technology (NYSE:IGT) have been trending somewhat negative on Friday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. International Game Technology earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.9843222877483 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Analysts Anticipate International Game Technology (IGT) Will Post Earnings of $0.39 Per Share (americanbankingnews.com)
- IGT announces ICE 2018 product line-up (gamblinginsider.com)
- IGT Presents ICE 2018 Solutions Designed to Entertain (finance.yahoo.com)
- High Point YWCA Receives $14,000 Computer Lab (wfmynews2.com)
Several research firms recently weighed in on IGT. Deutsche Bank lifted their price target on International Game Technology to $34.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Argus raised International Game Technology from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, November 29th. Bank of America lifted their price target on International Game Technology from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, ValuEngine cut International Game Technology from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.70.
International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Tuesday, November 14th. The company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.16. International Game Technology had a positive return on equity of 10.68% and a negative net margin of 18.62%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company earned $0.45 EPS. The company’s revenue was down 3.6% on a year-over-year basis. equities analysts expect that International Game Technology will post 1.23 earnings per share for the current year.
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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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