Zacks Upgrades Inteliquent to “Outperform” (IQNT)
Inteliquent (NASDAQ:IQNT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Wednesday, American Banking & Market News reports. The firm currently has a $13.10 price target on the stock. Zacks‘ price target indicates a potential upside of 14.81% from the company’s current price.
Shares of Inteliquent (NASDAQ:IQNT) traded up 0.44% on Wednesday, hitting $11.41. The stock had a trading volume of 343,872 shares. Inteliquent has a 1-year low of $2.54 and a 1-year high of $12.86. The stock’s 50-day moving average is $11.67 and its 200-day moving average is $9.30. The company’s market cap is $367.3 million.
Inteliquent (NASDAQ:IQNT) last announced its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. The company had revenue of $50.40 million for the quarter, compared to the consensus estimate of $49.55 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was down 27.8% on a year-over-year basis.
Separately, analysts at BWS Financial downgraded shares of Inteliquent from a “buy” rating to a “hold” rating in a research note to investors on Thursday, October 17th. They now have a $10.25 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $8.45.
Inteliquent Inc, formerly Neutral Tandem, Inc, doing business as Inteliquent provides solutions for voice, data, and hosted services globally.
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