IDT (NYSE:IDT - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.
Separately, Weiss Ratings restated a "buy (b)" rating on shares of IDT in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".
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IDT Stock Down 0.4%
IDT stock traded down $0.21 during trading hours on Friday, hitting $49.69. The stock had a trading volume of 358,676 shares, compared to its average volume of 263,925. The business's 50 day simple moving average is $61.95 and its 200-day simple moving average is $59.02. IDT has a one year low of $37.98 and a one year high of $71.12. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 16.51 and a beta of 0.74.
IDT (NYSE:IDT - Get Free Report) last released its quarterly earnings data on Monday, September 29th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.15). The firm had revenue of $316.60 million during the quarter, compared to analyst estimates of $310.00 million. IDT had a net margin of 6.18% and a return on equity of 27.03%.
Institutional Trading of IDT
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of IDT by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 1,288,634 shares of the utilities provider's stock worth $66,120,000 after acquiring an additional 22,819 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in IDT by 0.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 514,043 shares of the utilities provider's stock worth $26,376,000 after purchasing an additional 2,768 shares during the period. Geode Capital Management LLC increased its holdings in IDT by 4.4% in the second quarter. Geode Capital Management LLC now owns 460,089 shares of the utilities provider's stock worth $31,438,000 after purchasing an additional 19,275 shares in the last quarter. Nuveen LLC acquired a new position in IDT in the first quarter valued at approximately $10,409,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of IDT by 9.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 178,265 shares of the utilities provider's stock worth $9,147,000 after buying an additional 15,600 shares in the last quarter. 59.34% of the stock is currently owned by institutional investors and hedge funds.
IDT Company Profile
(
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IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.
Further Reading
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