IDT (NYSE:IDT) Upgraded by StockNews.com to “Strong-Buy” Rating

IDT (NYSE:IDT) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

IDT Stock Up 4.1 %

Shares of IDT opened at $48.68 on Tuesday. IDT has a 52-week low of $33.84 and a 52-week high of $58.77. The firm has a market capitalization of $1.23 billion, a PE ratio of 16.67 and a beta of 0.84. The firm has a 50-day moving average price of $47.92 and a 200 day moving average price of $46.44.

IDT (NYSE:IDT) last posted its quarterly earnings data on Thursday, March 6th. The utilities provider reported $0.81 EPS for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%. The business had revenue of $303.35 million for the quarter.

Insider Buying and Selling

In other IDT news, CTO David Wartell sold 17,116 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $47.11, for a total value of $806,334.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 25.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On IDT

Several large investors have recently modified their holdings of IDT. Park Square Financial Group LLC purchased a new stake in shares of IDT during the fourth quarter valued at $44,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of IDT by 35.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 632 shares during the period. Quantbot Technologies LP acquired a new position in shares of IDT in the 4th quarter valued at $129,000. New Age Alpha Advisors LLC acquired a new position in shares of IDT in the 4th quarter valued at $134,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of IDT in the 4th quarter valued at $180,000. 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.