Share on StockTwits

Inteliquent (NASDAQ:IQNT)‘s stock had its “outperform” rating reiterated by investment analysts at Raymond James in a note issued to investors on Friday. They currently have a $15.00 price objective on the stock, down from their previous price objective of $17.00. Raymond James’ target price suggests a potential upside of 30.89% from the stock’s previous close.

IQNT has been the subject of a number of other recent research reports. Analysts at BWS Financial reiterated a “buy” rating on shares of Inteliquent in a research note on Monday, June 16th. Finally, analysts at Zacks upgraded shares of Inteliquent from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $15.20 price target on the stock.

Shares of Inteliquent (NASDAQ:IQNT) traded down 1.29% during mid-day trading on Friday, hitting $11.45. The stock had a trading volume of 497,625 shares. Inteliquent has a 52 week low of $5.73 and a 52 week high of $15.93. The stock has a 50-day moving average of $14.57 and a 200-day moving average of $13.64. The company has a market cap of $371.5 million and a price-to-earnings ratio of 6.56.

Inteliquent (NASDAQ:IQNT) last released its earnings data on Thursday, July 24th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.01. The company had revenue of $54.90 million for the quarter, compared to the consensus estimate of $55.24 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Inteliquent will post $1.04 earnings per share for the current fiscal year.

Inteliquent Inc, formerly Neutral Tandem, Inc, doing business as Inteliquent provides solutions for voice, data, and hosted services globally.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.