Somewhat Positive News Coverage Somewhat Unlikely to Impact IDT Corporation (NYSE:IDT) Stock Price
Media headlines about IDT Corporation (NYSE:IDT) have trended somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. IDT Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.3200654473098 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- IDT Corporation (NYSE:IDT) Upgraded to Buy by BidaskClub (americanbankingnews.com)
- Convicted of looting, former nonprofit chief lands security job (crainsnewyork.com)
- Devon Energy Corporation Earnings Ahead: Quick Glance (vothemes.com)
- Preventive Defense As The Ultimate Game Changer – OpEd (eurasiareview.com)
IDT Corporation (NYSE IDT) opened at 15.16 on Tuesday. IDT Corporation has a 1-year low of $12.03 and a 1-year high of $23.13. The firm has a market cap of $376.51 million, a P/E ratio of 12.04 and a beta of 1.13. The stock has a 50 day moving average price of $14.81 and a 200 day moving average price of $15.91.
IDT has been the subject of several recent research reports. BidaskClub downgraded IDT Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. TheStreet raised IDT Corporation from a “c+” rating to a “b-” rating in a research note on Friday, June 16th.
In other news, Chairman Howard S. Jonas bought 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was bought at an average price of $14.93 per share, for a total transaction of $14,930,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Judah Schorr bought 7,000 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The stock was purchased at an average price of $14.82 per share, with a total value of $103,740.00. The disclosure for this purchase can be found here. Insiders purchased a total of 1,037,000 shares of company stock valued at $15,463,460 in the last 90 days. 12.80% of the stock is currently owned by corporate insiders.
IDT Corporation Company Profile
IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company’s segments include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination.
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