International Game Technology (IGT) Receiving Somewhat Favorable Press Coverage, Study Finds
Media headlines about International Game Technology (NYSE:IGT) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. International Game Technology earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.4974776635351 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Impulsive Active Stocks: International Game Technology PLC (IGT) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- ETFs with exposure to International Game Technology Plc : December 25, 2017 (finance.yahoo.com)
- International Game Technology (IGT) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- IGT, Optima extend partnership on sports betting – GGRAsia (ggrasia.com)
Shares of International Game Technology (NYSE:IGT) traded up $0.02 on Tuesday, hitting $26.27. 1,201,510 shares of the stock traded hands, compared to its average volume of 1,518,937. The firm has a market cap of $5,313.79, a PE ratio of -5.84 and a beta of 1.56. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.84 and a quick ratio of 0.70. International Game Technology has a 12 month low of $17.25 and a 12 month high of $29.36.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, November 27th. This represents a $0.80 annualized dividend and a dividend yield of 3.05%. International Game Technology’s dividend payout ratio is currently -17.78%.
Several research firms have commented on IGT. 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 research note on Wednesday, November 29th. Deutsche Bank raised their target price on shares of International Game Technology to $34.00 and gave the company a “buy” rating in a research note on Monday, November 20th. 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 research note on Wednesday, November 15th. Finally, ValuEngine raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $30.70.
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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.
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