Inteliquent Rating Lowered to Neutral at Zacks (IQNT)
Inteliquent (NASDAQ:IQNT) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, AnalystRatings.Net reports. They currently have a $11.20 price objective on the stock. Zacks‘ price objective points to a potential upside of 14.75% from the company’s current price.
Inteliquent (NASDAQ:IQNT) traded down 4.50% during mid-day trading on Tuesday, hitting $9.76. 549,471 shares of the company’s stock traded hands. Inteliquent has a 52-week low of $2.10 and a 52-week high of $10.55. The stock has a 50-day moving average of $8. and a 200-day moving average of $6.34. The company’s market cap is $315.5 million.
Inteliquent (NASDAQ:IQNT) last announced its earnings results on Thursday, August 8th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $1.05. The company had revenue of $53.45 million for the quarter, compared to the consensus estimate of $54.27 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis.
Separately, analysts at BWS Financial raised their price target on shares of Inteliquent from $6.25 to $10.25 in a research note to investors on Monday, July 15th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.82.
Inteliquent Inc, formerly Neutral Tandem, Inc, doing business as Inteliquent provides solutions for voice, data, and hosted services globally.
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