Worth Watching: Will Inteliquent Inc Run Out of Steam Soon?

Worth Watching: Will Inteliquent Inc Run Out of Steam Soon?

The stock of Inteliquent Inc (NASDAQ:IQNT) hit a new 52-week high and has $37.18 target or 64.00% above today’s $22.67 share price. The 8 months bullish chart indicates low risk for the $776.24 million company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $37.18 price target is reached, the company will be worth $496.79M 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 2.60M shares traded hands or 1152.07% 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.

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. As per Tuesday, September 20, the company rating was downgraded by Raymond James. The company was initiated on Tuesday, October 4 by Drexel Hamilton. 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 is negative, 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.
Mufg Americas Corporation, a New York-based fund reported 850 shares. Schwab Charles Investment Mngmt Inc holds 0% of its portfolio in Inteliquent Inc (NASDAQ:IQNT) for 119,601 shares. Blackrock has 0% invested in the company for 34,681 shares. Swiss Fincl Bank owns 54,300 shares or 0% of their US portfolio. Virginia Retirement Et Al, a Virginia-based fund reported 61,200 shares. Wellington Management Gru Limited Liability Partnership accumulated 189,853 shares or 0% of the stock. Creative Planning accumulated 1,078 shares or 0% of the stock. Moreover, Kennedy Cap Mgmt has 0.01% invested in Inteliquent Inc (NASDAQ:IQNT) for 26,177 shares. Arcadia Investment Mgmt Corp Mi last reported 1,650 shares in the company. Legal General Gru Public Limited holds 28,025 shares or 0% of its portfolio. Blackrock Invest Mngmt last reported 143,352 shares in the company. Ubs Asset Management Americas Inc holds 13,900 shares or 0% of its portfolio. Cornerstone Capital Management Holdg Limited Liability owns 8,300 shares or 0% of their US portfolio. Mckinley Cap Mgmt Lc Delaware has 0% invested in the company for 290 shares. Fuller Thaler Asset Management Inc, a California-based fund reported 397,439 shares.

Insider Transactions: Since May 5, 2016, the stock had 0 buys, and 9 insider sales for $3.90 million net activity. Another trade for 45,000 shares valued at $927,000 was made by Wren Rian J. on Monday, July 25. 4,807 shares were sold by Schoder John M, worth $87,728 on Tuesday, June 14. $15,830 worth of Inteliquent Inc (NASDAQ:IQNT) was sold by GREENBERG EDWARD on Thursday, May 5. 5,000 shares were sold by Monto Richard, worth $84,400.

More notable recent Inteliquent Inc (NASDAQ:IQNT) news were published by: Streetinsider.com which released: “Inteliquent (IQNT) Acquired by GTCR for $23/Share” on November 02, 2016, also Globenewswire.com with their article: “Inteliquent Unveils SIP IQ, the Latest Addition to its Omni IQ Service Line” published on November 01, 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: Prnewswire.com and their article: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of …” published on September 21, 2016 as well as Globenewswire.com‘s news article titled: “Inteliquent Expands Its Omni Offering Through Acquisition of Shopety, Inc.” with publication date: May 18, 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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