International Game Technology (NYSE: IGT) was downgraded by equities researchers at Credit Suisse from an “outperform” rating to a “neutral” rating in a report issued on Wednesday.
International Game Technology opened at 14.69 on Wednesday. International Game Technology has a 1-year low of $13.12 and a 1-year high of $19.15. The company has a market cap of $4.336 billion and a price-to-earnings ratio of 17.55.
International Game Technology last released its earnings data on Tuesday, July 24th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.05. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts predict that International Game Technology will post $1.04 earnings per share for the current fiscal year.
IGT has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets upgraded shares of International Game Technology from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, July 2nd. Separately, analysts at Credit Agricole upgraded shares of International Game Technology from an “outperform” rating to a “buy” rating in a research note to investors on Monday, June 18th. Finally, analysts at CLSA upgraded shares of International Game Technology from an “outperform” rating to a “buy” rating in a research note to investors on Monday, June 18th.
International Game Technology (IGT)is a global gaming company specializing in the design, development, manufacture, and marketing of electronic gaming equipment and systems products, including online and mobile solutions.
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