Inteliquent Inc (IQNT) is Reiterated by BWS Financial to Buy, Lowers Price Target to $ 24

Inteliquent Inc (IQNT) was Reiterated by BWS Financial to “Buy” while Lowering the Price Target of the company shares to $ 24 from a previous price target of $30 . BWS Financial advised their investors in a research report released on Aug 3, 2016.

On the company’s financial health, Inteliquent Inc reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.30. The company had revenue of $90.80 million for the quarter, compared to analysts expectations of $90.28 million. The company’s revenue was up 71.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Inteliquent Inc closed down -4.29 points or -20.54% at $16.6 with 19,79,376 shares getting traded on Tusday. Post opening the session at $19.095, the shares hit an intraday low of $15.88 and an intraday high of $19.095 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jul 29, 2016, Rian J. Wren (director) sold 30,000 shares at $20.33 per share price. According to the SEC, on Jun 15, 2016, John M Schoder (EVP & Chief Marketing Officer) sold 4,807 shares at $18.25 per share price. On May 17, 2016, Richard Monto (GC & Corporate Secretary) sold 5,000 shares at $16.88 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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.

Inteliquent Inc

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