IDT Corporation (NYSE:IDT) Upgraded to Buy by BidaskClub
IDT Corporation (NYSE:IDT) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Separately, TheStreet upgraded IDT Corporation from a “c+” rating to a “b-” rating in a report on Friday, June 16th.
IDT Corporation (NYSE IDT) traded up 1.56% during midday trading on Friday, hitting $14.96. The company’s stock had a trading volume of 88,945 shares. The company has a market cap of $371.55 million, a PE ratio of 11.88 and a beta of 1.13. IDT Corporation has a 52-week low of $12.03 and a 52-week high of $23.13. The stock has a 50 day moving average of $14.81 and a 200 day moving average of $15.91.
COPYRIGHT VIOLATION NOTICE: “IDT Corporation (NYSE:IDT) Upgraded to Buy by BidaskClub” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/05/idt-corporation-nyseidt-upgraded-to-buy-by-bidaskclub.html.
In related news, Director Judah Schorr acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were purchased at an average price of $14.32 per share, for a total transaction of $286,400.00. Following the completion of the acquisition, the director now owns 69,287 shares in the company, valued at $992,189.84. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Howard S. Jonas acquired 1,000,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was bought at an average price of $14.93 per share, for a total transaction of $14,930,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,037,000 shares of company stock worth $15,463,460. Company insiders own 12.80% of the company’s stock.
A hedge fund recently bought a new stake in IDT Corporation stock. Foundry Partners LLC purchased a new position in shares of IDT Corporation (NYSE:IDT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 233,945 shares of the utilities provider’s stock, valued at approximately $3,362,000. Foundry Partners LLC owned about 0.94% of IDT Corporation as of its most recent filing with the SEC. 50.98% of the stock is currently owned by hedge funds and other institutional investors.
About IDT Corporation
IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company’s segments include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination.
Receive News & Ratings for IDT Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDT Corporation and related companies with MarketBeat.com's FREE daily email newsletter.