Inteliquent Announces Special Dividend of $1.25 (IQNT)

Inteliquent (NASDAQ:IQNT) declared a special dividend on Wednesday, May 29th, StockRatingsNetwork reports. Stockholders of record on Friday, June 14th will be given a dividend of $1.25 per share on Friday, June 28th.

Several analysts have also recently commented on the stock. Analysts at Goldman Sachs upgraded shares of Inteliquent to a “buy” rating in a research note to investors on Friday, May 17th. On a related note, analysts at Zacks upgraded shares of Inteliquent from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, May 8th. They now have a $5.80 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of Inteliquent from an “underweight” rating to an “equal weight” rating in a research note to investors on Monday, May 6th. They now have a $2.00 price target on the stock.

Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $6.70.

Shares of Inteliquent (NASDAQ: IQNT) opened at 5.71 on Thursday. Inteliquent has a 52 week low of $2.10 and a 52 week high of $14.15. The stock’s 50-day moving average is currently $3.. The company’s market cap is $184.9 million.

Inteliquent (NASDAQ: IQNT) last announced its earnings results on Wednesday, May 1st. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.16. The company had revenue of $69.70 million for the quarter, compared to the consensus estimate of $65.65 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts expect that Inteliquent will post $0.23 EPS for the current fiscal year.

Inteliquent, Inc., formerly Neutral Tandem, Inc., provides solutions for voice, data, and hosted services globally.

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