Analyst Rating Update on Inteliquent (IQNT)

Inteliquent (NASDAQ:IQNT) : 1 brokerage houses believe that Inteliquent (NASDAQ:IQNT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Inteliquent (NASDAQ:IQNT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.25.

Inteliquent (NASDAQ:IQNT) : The highest level Inteliquent (NASDAQ:IQNT) is projected to reach is $30 for the short term and the lowest estimate is at $20. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $24.67 and the possibility the share price can swing is $5.03.

Company shares have received an average consensus rating of Hold for the current week

Inteliquent (NASDAQ:IQNT): stock turned positive on Tuesday. Though the stock opened at $18.35, the bulls momentum made the stock top out at $18.74 level for the day. The stock recorded a low of $18.25 and closed the trading day at $18.65, in the green by 2.14%. The total traded volume for the day was 664,297. The stock had closed at $18.26 in the previous days trading.

In an insider trading activity,The officer (EVP & Chief Marketing Officer) of Inteliquent, Inc., Schoder John M sold 4,807 shares at $18.25 on June 14, 2016. The Insider selling transaction had a total value worth of $87,728. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Inteliquent, Inc. is a provider of wholesale voice services for carriers and service providers. The Company offers voice telecommunications services using an all-Internet Protocol (IP) network, which enables to deliver connectivity for a variety of media, including voice, and historically data and video. The Companys solutions enable carriers and other providers to deliver voice traffic or other services where they do not have their own network. The Company provides voice interconnection services primarily to carriers, including wireless, wireline, cable and broadband telephony companies. Its voice services allow carriers to exchange local and long distance traffic between their networks. The Companys service offering includes managing network capacity between tandem switches and customers switches for improved network quality and reduced call blocking. The Company also provides customers with invoices, management reports and call detail records in paper and electronic formats.

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