Inteliquent Inc. (NASDAQ:IQNT) shares rose 2.9% during trading on Thursday . The company traded as high as $16.29 and last traded at $16.21, with a volume of 416,464 shares traded. The stock had previously closed at $15.76.

IQNT has been the subject of a number of recent research reports. Zacks Investment Research downgraded Inteliquent from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. BWS Financial lowered their price objective on Inteliquent from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Finally, Morgan Stanley restated a “hold” rating on shares of Inteliquent in a research note on Thursday, June 30th.

The stock has a 50-day moving average of $18.08 and a 200-day moving average of $17.20. The firm has a market capitalization of $553.55 million and a P/E ratio of 15.70.

Inteliquent (NASDAQ:IQNT) last released its earnings results on Tuesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. During the same quarter in the prior year, the business earned $0.29 earnings per share. The business earned $90.80 million during the quarter, compared to analysts’ expectations of $90.28 million. The firm’s revenue was up 71.6% on a year-over-year basis. Equities analysts expect that Inteliquent Inc. will post $1.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 24th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Monday, August 22nd.

In other Inteliquent news, Director Rian J. Wren sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $20.71, for a total value of $310,650.00. Following the completion of the sale, the director now owns 94,930 shares in the company, valued at approximately $1,966,000.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rian J. Wren sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $20.34, for a total value of $610,200.00. Following the completion of the sale, the director now owns 94,930 shares of the company’s stock, valued at approximately $1,930,876.20. The disclosure for this sale can be found here.

Inteliquent, Inc is a provider of voice telecommunications services primarily on a wholesale basis. The Company offers its services using an all-Internet Protocol (IP) network, which enables to deliver connectivity for a range of media, including voice, and data and video. The Company’s solutions enable carriers and other providers to deliver voice traffic or other services where they do not have their own network.

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