Inteliquent (NASDAQ:IQNT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has a $15.20 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 10.87% from the stock’s previous close.
Shares of Inteliquent (NASDAQ:IQNT) traded down 1.02% on Tuesday, hitting $13.57. 275,756 shares of the company’s stock traded hands. Inteliquent has a 52-week low of $2.93 and a 52-week high of $15.31. The stock has a 50-day moving average of $14.12 and a 200-day moving average of $12.27. The company has a market cap of $437.8 million and a P/E ratio of 8.05.
Inteliquent (NASDAQ:IQNT) last released its earnings data on Thursday, February 27th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.09. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $50.11 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 13.0% on a year-over-year basis. Analysts expect that Inteliquent will post $0.90 EPS for the current fiscal year.
Inteliquent Inc, formerly Neutral Tandem, Inc, doing business as Inteliquent provides solutions for voice, data, and hosted services globally.
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