Inteliquent Inc (IQNT) Given Average Recommendation of “Hold” by Brokerages
Shares of Inteliquent Inc (NASDAQ:IQNT) have received an average recommendation of “Hold” from the five research firms that are presently covering the firm. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $22.67.
Separately, Zacks Investment Research cut shares of Inteliquent from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th.
Several hedge funds and other institutional investors have recently bought and sold shares of IQNT. Pacad Investment Ltd. bought a new position in Inteliquent during the fourth quarter worth approximately $110,000. Quantbot Technologies LP bought a new position in Inteliquent during the third quarter worth approximately $155,000. Ancora Advisors LLC bought a new position in Inteliquent during the fourth quarter worth approximately $160,000. Intrust Bank NA bought a new position in Inteliquent during the third quarter worth approximately $171,000. Finally, Old Mutual Global Investors UK Ltd. bought a new position in Inteliquent during the third quarter worth approximately $197,000. Hedge funds and other institutional investors own 87.97% of the company’s stock.
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Shares of Inteliquent (NASDAQ:IQNT) opened at 22.90 on Thursday. Inteliquent has a 1-year low of $14.56 and a 1-year high of $23.67. The firm’s 50-day moving average is $22.90 and its 200-day moving average is $20.76.
Inteliquent Company Profile
Inteliquent, Inc is a provider of voice telecommunications services primarily on a wholesale basis. The Company offers its services using an all-Internet Protocol (IP) network, which enables to deliver connectivity for a range of media, including voice, and data and video. The Company’s solutions enable carriers and other providers to deliver voice traffic or other services where they do not have their own network.
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