IDT Corporation (NYSE:IDT) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.
Separately, TheStreet upgraded IDT Corporation from a “c+” rating to a “b-” rating in a research report on Friday, June 16th.
IDT Corporation (IDT) traded up 1.76% during mid-day trading on Thursday, reaching $15.02. The company’s stock had a trading volume of 137,584 shares. The firm’s 50 day moving average is $14.74 and its 200-day moving average is $16.08. The company has a market cap of $373.04 million, a PE ratio of 11.93 and a beta of 1.13. IDT Corporation has a 12-month low of $12.03 and a 12-month high of $23.13.
ILLEGAL ACTIVITY WARNING: This story was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://stocknewstimes.com/2017/07/27/idt-corporation-idt-cut-to-hold-at-bidaskclub.html.
In related news, Chairman Howard S. Jonas purchased 1,000,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was purchased at an average price of $14.93 per share, with a total value of $14,930,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judah Schorr purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average cost of $14.32 per share, with a total value of $286,400.00. Following the acquisition, the director now owns 69,287 shares of the company’s stock, valued at approximately $992,189.84. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,037,000 shares of company stock valued at $15,463,460. Insiders own 12.80% of the company’s stock.
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.
Receive News & Ratings for IDT Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDT Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
