IDT (NYSE:IDT) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of IDT (NYSE:IDT) from a hold rating to a buy rating in a research note released on Saturday morning.

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

IDT Price Performance

Shares of IDT stock opened at $46.65 on Friday. The firm has a market capitalization of $1.18 billion, a PE ratio of 15.50 and a beta of 0.74. The company’s fifty day moving average price is $60.91 and its two-hundred day moving average price is $58.94. IDT has a 52-week low of $44.76 and a 52-week high of $71.12.

IDT (NYSE:IDT) last announced its quarterly earnings results on Tuesday, March 18th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. IDT had a net margin of 6.18% and a return on equity of 27.03%. The firm had revenue of $309.57 million for the quarter.

IDT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. IDT’s dividend payout ratio is presently 7.97%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its position in IDT by 310.8% during the 2nd quarter. Lazard Asset Management LLC now owns 53,340 shares of the utilities provider’s stock worth $3,643,000 after buying an additional 40,357 shares in the last quarter. Gabelli Funds LLC acquired a new position in IDT during the 2nd quarter worth about $239,000. Marshall Wace LLP lifted its position in IDT by 1,436.4% during the 2nd quarter. Marshall Wace LLP now owns 94,674 shares of the utilities provider’s stock worth $6,468,000 after buying an additional 88,512 shares in the last quarter. Quantbot Technologies LP lifted its position in IDT by 206.3% during the 2nd quarter. Quantbot Technologies LP now owns 23,760 shares of the utilities provider’s stock worth $1,623,000 after buying an additional 16,003 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in IDT during the 2nd quarter worth about $1,751,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

IDT Company Profile

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.