Inteliquent Inc. (NASDAQ:IQNT) shares dropped 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. The stock had previously closed at $16.72.

IQNT has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed a “hold” rating and set a $20.00 target price on shares of Inteliquent in a report on Monday, August 1st. Zacks Investment Research downgraded Inteliquent from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. Finally, BWS Financial reduced their target price on Inteliquent from $30.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd.

The company has a market cap of $557.31 million and a price-to-earnings ratio of 15.81. The stock has a 50 day moving average of $17.56 and a 200 day moving average of $17.17.

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

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

In other news, Director Rian J. Wren sold 15,000 shares of Inteliquent stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $20.71, for a total value of $310,650.00. Following the transaction, the director now directly owns 94,930 shares in the company, valued at $1,966,000.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rian J. Wren sold 15,200 shares of Inteliquent stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $20.01, for a total value of $304,152.00. Following the completion of the transaction, the director now owns 94,930 shares in the company, valued at $1,899,549.30. 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.

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.