Inteliquent (NASDAQ:IQNT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, ARN reports. The firm currently has a $15.20 price objective on the stock. Zacks‘s target price points to a potential upside of 11.44% from the stock’s previous close.
Inteliquent (NASDAQ:IQNT) opened at 13.64 on Tuesday. Inteliquent has a 52 week low of $4.35 and a 52 week high of $15.31. The stock has a 50-day moving average of $14.07 and a 200-day moving average of $12.30. The company has a market cap of $440.1 million and a P/E ratio of 8.00.
Inteliquent (NASDAQ:IQNT) last released its earnings data on Thursday, May 1st. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.05. The company had revenue of $56.20 million for the quarter, compared to the consensus estimate of $50.63 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts predict that Inteliquent will post $0.90 earnings per share 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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