Zacks reissued their neutral rating on shares of International Game Technology (NYSE:IGT) in a research report released on Friday morning, Stock Ratings Network.com reports. Zacks currently has a $20.00 price objective on the stock.
International Game Technology (NYSE:IGT) traded up 1.01% on Friday, hitting $19.08. The stock had a trading volume of 263,139 shares. International Game Technology has a 52-week low of $12.01 and a 52-week high of $20.25. The stock’s 50-day moving average is $18.93 and its 200-day moving average is $17.47. The company has a market cap of $4.976 billion and a P/E ratio of 16.96.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 4th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Tuesday, September 17th. This is a positive change from International Game Technology’s previous quarterly dividend of $0.09.
IGT has been the subject of a number of other recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of International Game Technology (NYSE:IGT) from a hold rating to a sell rating in a research note to investors on Monday, August 26th. Finally, analysts at Stifel Nicolaus raised their price target on shares of International Game Technology (NYSE:IGT) from $21.00 to $23.00 in a research note to investors on Thursday, July 25th. They now have a buy rating on the stock.
Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $19.14.
International Game Technology (NYSE: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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