The stock of Inteliquent Inc (NASDAQ:IQNT) is a huge mover today! The stock increased 34.89% or $5.84 during the last trading session, hitting $22.58. About 5.65 million shares traded hands or 2620.85% up from the average. Inteliquent Inc (NASDAQ:IQNT) has risen 1.21% since April 1, 2016 and is uptrending. It has underperformed by 0.00% the S&P500.
The move comes after 8 months positive chart setup for the $772.99 million company. It was reported on Nov, 3 by Barchart.com. We have $35.90 PT which if reached, will make NASDAQ:IQNT worth $456.06M more.
Inteliquent Inc (NASDAQ:IQNT) Ratings Coverage
Out of 3 analysts covering Inteliquent (NASDAQ:IQNT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Inteliquent has been the topic of 3 analyst reports since August 20, 2015 according to StockzIntelligence Inc. Drexel Hamilton initiated Inteliquent Inc (NASDAQ:IQNT) on Tuesday, October 4 with “Buy” rating. On Tuesday, September 20 the stock rating was downgraded by Raymond James to “Mkt Perform”. BWS Financial upgraded it to “Strong Buy” rating and $40 target price in Thursday, August 20 report.
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 worsened, 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.
Scotia Capital Inc holds 0.01% or 27,062 shares in its portfolio. Panagora Asset has 0.01% invested in the company for 56,001 shares. Bank Of Montreal Can has 0% invested in the company for 121,614 shares. Blackrock Investment owns 143,352 shares or 0% of their US portfolio. The Ohio-based Strs Ohio has invested 0% in Inteliquent Inc (NASDAQ:IQNT). Goldman Sachs Group Inc last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Inteliquent Inc (NASDAQ:IQNT). Bnp Paribas Arbitrage holds 0% of its portfolio in Inteliquent Inc (NASDAQ:IQNT) for 11,133 shares. State Board Of Administration Of Florida Retirement has 0% invested in the company for 48,582 shares. Systematic Fincl Mngmt L P reported 87,043 shares or 0.02% of all its holdings. Moreover, Ameriprise Incorporated has 0% invested in Inteliquent Inc (NASDAQ:IQNT) for 111,355 shares. Fuller & Thaler Asset Mgmt Inc last reported 0.14% of its portfolio in the stock. Clarivest Asset Management Ltd Limited Liability Company accumulated 0.16% or 277,059 shares. Farmers Merchants has 235 shares for 0% of their US portfolio. Public Sector Pension Investment Board has 0.01% invested in the company for 24,000 shares.
Insider Transactions: Since May 5, 2016, the stock had 0 insider purchases, and 9 selling transactions for $3.90 million net activity. GREENBERG EDWARD sold 1,000 shares worth $15,830. The insider Wren Rian J. sold 44,949 shares worth $908,276. The insider Monto Richard sold 5,000 shares worth $84,400. On Tuesday, June 14 Schoder John M sold $87,728 worth of the stock or 4,807 shares.
More notable recent Inteliquent Inc (NASDAQ:IQNT) news were published by: Businesswire.com which released: “INTELIQUENT, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces …” on November 03, 2016, also Fool.com with their article: “Why Inteliquent Stock Skyrocketed 35% Today” published on November 03, 2016, Globenewswire.com published: “INTELIQUENT INVESTOR REMINDER: Hagens Berman Reminds Investors in Inteliquent …” on October 21, 2016. More interesting news about Inteliquent Inc (NASDAQ:IQNT) were released by: Globenewswire.com and their article: “Inteliquent Unveils SIP IQ, the Latest Addition to its Omni IQ Service Line” published on November 01, 2016 as well as Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of …” with publication date: September 21, 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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