IDT (NYSE:IDT) Upgraded to Buy at Wall Street Zen

Key Points

• IDT has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating a positive outlook for the company's stock.
• Weiss Ratings also maintains a "buy (b)" rating on IDT, reflecting a consensus among analysts on the stock's potential performance.
• IDT's stock opened at $46.65, falling within a fifty-two week range of $44.76 to $71.12, with a market cap of $1.18 billion and a P/E ratio of 15.50.

IDT (NYSE:IDT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of IDT in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy".

IDT Stock Performance

IDT stock opened at $46.65 on Friday. The stock's 50 day simple moving average is $60.91 and its 200 day simple moving average is $58.90. IDT has a fifty-two week low of $44.76 and a fifty-two week high of $71.12. The company has a market cap of $1.18 billion, a P/E ratio of 15.50 and a beta of 0.74.

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

Hedge Funds Weigh In On IDT

A number of large investors have recently made changes to their positions in IDT. Copeland Capital Management LLC bought a new position in shares of IDT in the first quarter worth $57,000. AlphaQuest LLC boosted its holdings in shares of IDT by 700.0% in the first quarter. AlphaQuest LLC now owns 1,472 shares of the utilities provider's stock worth $76,000 after acquiring an additional 1,288 shares during the period. Diversified Trust Co bought a new position in shares of IDT in the first quarter worth $212,000. Entropy Technologies LP bought a new position in shares of IDT in the first quarter worth $212,000. Finally, Longboard Asset Management LP bought a new position in shares of IDT in the second quarter worth $217,000. 59.34% of the stock is owned by institutional investors.

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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