The stock of Inteliquent Inc (NASDAQ:IQNT) hit a new 52-week high and has $27.76 target or 21.00% above today’s $22.94 share price. The 7 months bullish chart indicates low risk for the $791.07M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $27.76 price target is reached, the company will be worth $166.12M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 53,934 shares traded hands. Inteliquent Inc (NASDAQ:IQNT) has risen 37.52% since April 15, 2016 and is uptrending. It has outperformed by 32.90% the S&P500.
Inteliquent Inc (NASDAQ:IQNT) Ratings Coverage
Out of 3 analysts covering Inteliquent (NASDAQ:IQNT), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. Inteliquent has been the topic of 4 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The rating was initiated by Drexel Hamilton with “Buy” on Tuesday, October 4. As per Thursday, August 20, the company rating was upgraded by BWS Financial. The firm earned “Underperform” rating on Tuesday, November 8 by Raymond James. As per Tuesday, September 20, the company rating was downgraded by Raymond James.
According to Zacks Investment Research, “Inteliquent, Inc. offers tandem interconnection services. It provides voice, Internet protocol transit and Ethernet solutions to carriers, service providers and content management firms. Inteliquent, Inc., formerly known as Neutral Tandem, Inc., is headquartered in Chicago.”
Insitutional Activity: The institutional sentiment decreased to 1.22 in 2016 Q2. Its down 0.02, from 1.24 in 2016Q1. The ratio dropped, as 18 funds sold all Inteliquent Inc shares owned while 49 reduced positions. 32 funds bought stakes while 50 increased positions. They now own 30.06 million shares or 3.94% more from 28.93 million shares in 2016Q1.
Stanley has invested 0.39% of its portfolio in Inteliquent Inc (NASDAQ:IQNT). Cornerstone Cap last reported 8,300 shares in the company. Panagora Asset has 56,001 shares for 0.01% of their US portfolio. Northern Trust reported 409,502 shares or 0% of all its holdings. Blackrock Gp Limited holds 0% or 34,772 shares in its portfolio. Federated Invsts Pa accumulated 222 shares or 0% of the stock. Schroder Investment Mngmt Grp last reported 0% of its portfolio in the stock. Morgan Stanley holds 104,601 shares or 0% of its portfolio. Cadence Capital Mngmt Lc has 0.09% invested in the company for 58,951 shares. Swiss National Bank owns 54,300 shares or 0% of their US portfolio. The United Kingdom-based Barclays Public Limited Liability Corp has invested 0% in Inteliquent Inc (NASDAQ:IQNT). Aqr Cap Management Ltd Co holds 261,353 shares or 0.01% of its portfolio. The Pennsylvania-based Sei has invested 0% in Inteliquent Inc (NASDAQ:IQNT). Rhumbline Advisers holds 40,952 shares or 0% of its portfolio. Commercial Bank Of Montreal Can has invested 0% of its portfolio in Inteliquent Inc (NASDAQ:IQNT).
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 8 sales for $3.81 million net activity. 30,000 shares were sold by Wren Rian J., worth $617,250. 4,807 shares were sold by Schoder John M, worth $87,728 on Tuesday, June 14.
More important recent Inteliquent Inc (NASDAQ:IQNT) news were published by: Prnewswire.com which released: “Ryan & Maniskas, LLP Announces Investigation of Inteliquent, Inc.” on November 04, 2016, also Prnewswire.com published article titled: “Inteliquent Inc. Acquisition May Not Be in the Best Interests of IQNT Shareholders”, Reuters.com published: “BRIEF-Inteliquent Inc Qtrly earnings per share $0.27” on November 07, 2016. More interesting news about Inteliquent Inc (NASDAQ:IQNT) was released by: Streetinsider.com and their article: “Inteliquent (IQNT) Acquired by GTCR for $23/Share” with publication date: November 02, 2016.
IQNT Company Profile
Inteliquent, Inc., incorporated on April 19, 2001, is a well-known provider of voice telecommunications services primarily on a wholesale basis. The Firm offers its services using an all-Internet Protocol (IP) network, which enables to deliver connectivity for a range of media, including voice, and 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. These solutions are called off-net services. It also provides solutions to customers, such as over-the-top (OTT) providers. The Firm offers a range of services, including Local Transit Service, Long Distance Service, Switched Access Service, International Voice Service, Direct Inward Dialing Service and 8XX (Toll-Free) Service.
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