Shares of Inteliquent Inc. (NASDAQ:IQNT) saw strong trading volume on Monday . 1,000,500 shares were traded during mid-day trading, an increase of 174% from the previous session’s volume of 364,906 shares.The stock last traded at $16.28 and had previously closed at $16.72.

Several analysts have commented on the stock. Morgan Stanley reaffirmed a “hold” rating on shares of Inteliquent in a research report on Thursday, June 30th. BWS Financial lowered their price objective on shares of Inteliquent from $30.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research lowered shares of Inteliquent from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th.

The firm has a market capitalization of $557.31 million and a PE ratio of 15.81. The firm has a 50-day moving average of $17.56 and a 200-day moving average of $17.17.

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

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

In other news, Director Rian J. Wren sold 15,000 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $20.71, for a total value of $310,650.00. Following the sale, the director now directly owns 94,930 shares of the company’s stock, valued at approximately $1,966,000.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rian J. Wren sold 45,000 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $20.44, for a total transaction of $919,800.00. Following the completion of the sale, the director now directly owns 94,930 shares in the company, valued at $1,940,369.20. 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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