IDT (NYSE:IDT) Receives "Buy (B-)" Rating from Weiss Ratings

Key Points

• IDT's stock has received a reiterated "Buy (B-)" rating from Weiss Ratings, and it was also upgraded from a "hold" to a "buy" rating by Wall Street Zen.
• The company's stock is currently trading at $47.07, with a twelve-month low of $44.76 and a high of $71.12.
• IDT reported a revenue of $309.57 million for the quarter and has a return on equity of 27.03% along with a net margin of 6.18%.

IDT (NYSE:IDT - Get Free Report)'s stock had its "buy (b-)" rating reiterated by Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded IDT from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, IDT has an average rating of "Buy".

IDT Trading Up 0.6%

IDT traded up $0.29 during trading on Tuesday, hitting $47.07. The company's stock had a trading volume of 71,756 shares, compared to its average volume of 160,898. IDT has a twelve month low of $44.76 and a twelve month high of $71.12. The business's fifty day simple moving average is $60.66 and its 200 day simple moving average is $58.95. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.67 and a beta of 0.74.

IDT (NYSE:IDT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The utilities provider reported $0.71 EPS for the quarter. IDT had a return on equity of 27.03% and a net margin of 6.18%.The company had revenue of $309.57 million for the quarter.

Institutional Investors Weigh In On IDT

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in IDT by 209.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 86,741 shares of the utilities provider's stock valued at $4,451,000 after purchasing an additional 58,727 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in IDT by 0.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 514,043 shares of the utilities provider's stock valued at $26,376,000 after purchasing an additional 2,768 shares during the period. Assenagon Asset Management S.A. purchased a new stake in IDT in the first quarter valued at $1,063,000. American Century Companies Inc. raised its position in IDT by 20.5% in the first quarter. American Century Companies Inc. now owns 56,127 shares of the utilities provider's stock valued at $2,880,000 after purchasing an additional 9,533 shares during the period. Finally, Acadian Asset Management LLC raised its position in IDT by 172.6% in the first quarter. Acadian Asset Management LLC now owns 80,974 shares of the utilities provider's stock valued at $4,143,000 after purchasing an additional 51,274 shares during the period. Hedge funds and other institutional investors own 59.34% of the company's stock.

IDT Company Profile

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.

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