Raymond James downgraded Inteliquent (NYSE:IQNT) from Outperform to Market Perform in a report released today.
- Updated: September 20, 2016
Raymond James has downgraded Inteliquent (NYSE:IQNT) from Outperform to Market Perform in a report released on Tuesday September 20, 2016.
Previously on 8/03/2016, BWS Financial reported on Inteliquent (NYSE:IQNT) reduced the target price from $30.00 to $24.00. At the time, this indicated a possible upside of 0.43%.
Yesterday Inteliquent (NYSE:IQNT) traded 0.00% even at $16.71. The company’s 50-day moving average is $16.37 and its 200-day moving average is $17.12. The last closing price is down -2.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 0 shares of the stock traded hands, down from an average trading volume of 478,889
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Inteliquent has a 52 week low of $14.56 and a 52 week high of $22.86 with a P/E ratio of 16.2200 The company’s market cap is currently $0.
About Inteliquent (NYSE:IQNT)
Inteliquent, Inc. is a provider of voice telecommunications services primarily on a wholesale basis. The Company 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 Company 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. The Company offers an alternative to facilitate the exchange of local traffic between various carriers by using its tandem switches instead of the Incumbent Local Exchange Carriers' (ILECs') tandems or direct connects.
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