IDT (NYSE:IDT) Downgraded to Hold Rating by Wall Street Zen

IDT (NYSE:IDT) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Friday.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IDT in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

IDT Trading Down 0.4%

NYSE IDT opened at $49.69 on Friday. The company has a fifty day simple moving average of $61.95 and a 200 day simple moving average of $59.08. The company has a market cap of $1.25 billion, a P/E ratio of 16.51 and a beta of 0.74. IDT has a 1 year low of $37.98 and a 1 year high of $71.12.

IDT (NYSE:IDT) last posted its quarterly earnings data on Monday, September 29th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.15). The firm had revenue of $316.60 million for the quarter, compared to the consensus estimate of $310.00 million. IDT had a return on equity of 27.03% and a net margin of 6.18%.

Hedge Funds Weigh In On IDT

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Copeland Capital Management LLC lifted its holdings in shares of IDT by 16.3% during the 2nd quarter. Copeland Capital Management LLC now owns 1,298 shares of the utilities provider’s stock worth $89,000 after acquiring an additional 182 shares during the period. Martingale Asset Management L P lifted its holdings in shares of IDT by 1.0% during the 1st quarter. Martingale Asset Management L P now owns 20,610 shares of the utilities provider’s stock worth $1,058,000 after acquiring an additional 210 shares during the period. Rhumbline Advisers lifted its holdings in shares of IDT by 1.2% during the 1st quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider’s stock worth $1,346,000 after acquiring an additional 320 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of IDT by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,156 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 381 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of IDT by 3.5% during the 1st quarter. Invesco Ltd. now owns 29,615 shares of the utilities provider’s stock worth $1,520,000 after acquiring an additional 988 shares during the period. 59.34% of the stock is owned by institutional investors.

About IDT

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.