Zacks: IDT Corporation (IDT) Receives Consensus Rating of “” from Analysts

IDT Corporation (NYSE:IDT) has earned an average broker rating score of 0.00 () from the zero analysts that provide coverage for the stock, Zacks Investment Research reports.

Zacks has also assigned IDT Corporation an industry rank of 46 out of 265 based on the ratings given to related companies.

A number of research firms have recently issued reports on IDT. TheStreet raised IDT Corporation from a “c+” rating to a “b-” rating in a research report on Friday, June 16th. BidaskClub raised IDT Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th.

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In other IDT Corporation news, Director Judah Schorr acquired 6,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was bought at an average cost of $14.36 per share, with a total value of $86,160.00. Following the completion of the transaction, the director now directly owns 69,287 shares in the company, valued at approximately $994,961.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Howard S. Jonas acquired 1,000,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was acquired at an average cost of $14.93 per share, with a total value of $14,930,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,037,000 shares of company stock valued at $15,463,460. Insiders own 12.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Old West Investment Management LLC purchased a new position in shares of IDT Corporation during the second quarter worth $2,719,000. Nationwide Fund Advisors raised its position in shares of IDT Corporation by 20.5% in the second quarter. Nationwide Fund Advisors now owns 59,969 shares of the utilities provider’s stock worth $862,000 after buying an additional 10,193 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of IDT Corporation during the second quarter worth $227,000. Kennedy Capital Management Inc. purchased a new position in shares of IDT Corporation during the second quarter worth $2,115,000. Finally, Seizert Capital Partners LLC raised its position in shares of IDT Corporation by 68.7% in the second quarter. Seizert Capital Partners LLC now owns 168,864 shares of the utilities provider’s stock worth $2,427,000 after buying an additional 68,771 shares during the period. 52.14% of the stock is owned by institutional investors.

Shares of IDT Corporation (NYSE:IDT) traded up 1.02% during mid-day trading on Monday, reaching $14.87. 55,114 shares of the company’s stock traded hands. IDT Corporation has a 1-year low of $12.03 and a 1-year high of $23.13. The company has a market capitalization of $369.31 million, a P/E ratio of 11.81 and a beta of 1.13. The firm has a 50-day moving average price of $14.73 and a 200-day moving average price of $15.37.

About IDT Corporation

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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