Short Term Price Target on Inteliquent (IQNT)

Inteliquent (NASDAQ:IQNT) : The highest short term price target forecast on Inteliquent (NASDAQ:IQNT) is $30 and the lowest target price is $20. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $24.67 with a standard deviation of $5.03.

Shares of Inteliquent, Inc. rose by 11.49% in the last five trading days and 19.68% for the last 4 weeks. Inteliquent, Inc. is up 21.45% in the last 3-month period. Year-to-Date the stock performance stands at 14.03%.

Inteliquent (NASDAQ:IQNT) has an average broker rating of 2.25, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Inteliquent (NASDAQ:IQNT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.66 and $19.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.89, notching a gain of 2.10% for the day. The total traded volume was 5,005,259 . The stock had closed at $19.48 on the previous day.

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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