Inteliquent (IQNT) Earning Somewhat Positive Media Coverage, Study Shows
Media stories about Inteliquent (NASDAQ:IQNT) have trended somewhat positive on Friday, AlphaOne reports. The research group, a division of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Inteliquent earned a media sentiment score of 0.21 on AlphaOne’s scale. AlphaOne also gave news articles about the Wireless communications provider an impact score of 90 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the near term.
Shares of Inteliquent (NASDAQ:IQNT) remained flat at $22.90 during mid-day trading on Friday. Inteliquent has a 12-month low of $14.90 and a 12-month high of $23.67. The company’s 50-day moving average price is $22.90 and its 200 day moving average price is $21.84.
Separately, Zacks Investment Research lowered shares of Inteliquent from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.67.
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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