Inteliquent Inc (IQNT) is Downgraded by Raymond James to Mkt Perform

Inteliquent Inc (IQNT) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Sep 20, 2016.

Many Wall Street Analysts have commented on Inteliquent Inc. Shares were Reiterated by BWS Financial on Aug 3, 2016 to “Buy” and Lowered the Price Target to $ 24 from a previous price target of $30 .

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 -0.01 points or -0.06% at $16.64 with 496,812 shares getting traded on Friday. Post opening the session at $16.66, the shares hit an intraday low of $16.57 and an intraday high of $16.68 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 3, 2016, Rian J. Wren (director) sold 15,000 shares at $20.71 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

Leave a Reply

Inteliquent Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Inteliquent Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.