IDT (NYSE:IDT) Raised to “Strong-Buy” at Wall Street Zen

IDT (NYSE:IDT) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of IDT in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

IDT Trading Up 2.1%

IDT stock opened at $52.15 on Friday. IDT has a 1-year low of $44.76 and a 1-year high of $71.12. The firm has a market capitalization of $1.32 billion, a PE ratio of 16.20 and a beta of 0.77. The firm’s 50 day simple moving average is $49.74 and its 200 day simple moving average is $58.10.

IDT (NYSE:IDT) last issued its quarterly earnings data on Thursday, December 4th. The utilities provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. The company had revenue of $322.75 million during the quarter, compared to analyst estimates of $308.00 million. IDT had a return on equity of 27.12% and a net margin of 6.53%.

Hedge Funds Weigh In On IDT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of IDT by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 1,288,634 shares of the utilities provider’s stock worth $66,120,000 after purchasing an additional 22,819 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in IDT by 9.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 178,265 shares of the utilities provider’s stock worth $9,147,000 after purchasing an additional 15,600 shares during the period. Swiss National Bank grew its holdings in IDT by 26.7% during the 1st quarter. Swiss National Bank now owns 41,300 shares of the utilities provider’s stock worth $2,119,000 after acquiring an additional 8,700 shares in the last quarter. Invesco Ltd. lifted its stake in IDT by 3.5% during the first quarter. Invesco Ltd. now owns 29,615 shares of the utilities provider’s stock worth $1,520,000 after purchasing an additional 988 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of IDT in the 1st quarter valued at about $212,000. 59.34% of the stock is owned by hedge funds and other 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.