Shares of Inteliquent Inc. (NASDAQ:IQNT) fell 2.5% during trading on Friday . The company traded as low as $16.10 and last traded at $16.30, with a volume of 486,977 shares trading hands. The stock had previously closed at $16.72.

A number of brokerages have commented on IQNT. Zacks Investment Research cut shares of Inteliquent from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. BWS Financial cut their price target on shares of 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 reiterated a “hold” rating and issued a $20.00 price target on shares of Inteliquent in a research note on Monday, August 1st.

The stock has a 50 day moving average price of $17.68 and a 200-day moving average price of $17.18. The company has a market capitalization of $557.31 million and a P/E ratio of 15.81.

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. The company had revenue of $90.80 million for the quarter, compared to the consensus estimate of $90.28 million. The firm’s revenue for the quarter was up 71.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, equities analysts forecast that Inteliquent Inc. will post $1.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Wednesday, August 24th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, August 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.93%.

In related news, Director Rian J. Wren sold 15,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $20.71, for a total transaction of $310,650.00. Following the transaction, the director now owns 94,930 shares in the company, valued at approximately $1,966,000.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rian J. Wren sold 15,200 shares of the business’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $20.01, for a total transaction of $304,152.00. Following the transaction, the director now owns 94,930 shares in the company, valued at approximately $1,899,549.30. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake in Inteliquent stock. Ameriprise Financial Inc. bought a new position in shares of Inteliquent Inc. (NASDAQ:IQNT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 111,793 shares of the company’s stock, valued at approximately $1,987,000. Ameriprise Financial Inc. owned about 0.33% of Inteliquent at the end of the most recent quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.