IDT Corporation (NYSE:IDT) Cut to Hold at BidaskClub

BidaskClub downgraded shares of IDT Corporation (NYSE:IDT) from a buy rating to a hold rating in a report published on Thursday, July 27th.

Separately, TheStreet raised shares of IDT Corporation from a c+ rating to a b- rating in a report on Friday, June 16th.

Shares of IDT Corporation (NYSE IDT) traded down 0.46% during trading on Thursday, hitting $15.09. 185,040 shares of the company were exchanged. IDT Corporation has a 12 month low of $12.03 and a 12 month high of $23.13. The firm has a market capitalization of $374.78 million, a PE ratio of 11.99 and a beta of 1.13. The firm’s 50-day moving average price is $14.81 and its 200 day moving average price is $15.91.

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In related news, Chairman Howard S. Jonas purchased 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were purchased at an average price of $14.93 per share, with a total value of $14,930,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Judah Schorr purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average cost of $14.32 per share, for a total transaction of $286,400.00. Following the purchase, the director now directly owns 69,287 shares in the company, valued at approximately $992,189.84. The disclosure for this purchase can be found here. Insiders purchased a total of 1,037,000 shares of company stock worth $15,463,460 in the last three months. 12.80% of the stock is owned by corporate insiders.

An institutional investor recently bought a new position in IDT Corporation stock. Foundry Partners LLC bought a new stake in IDT Corporation (NYSE:IDT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 233,945 shares of the utilities provider’s stock, valued at approximately $3,362,000. Foundry Partners LLC owned about 0.94% of IDT Corporation as of its most recent SEC filing. 50.63% of the stock is owned by hedge funds and other institutional investors.

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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