IDT (NYSE:IDT) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of IDT (NYSE:IDT) from a buy rating to a hold rating in a report released on Friday morning.

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

IDT Stock Performance

Shares of IDT stock opened at $49.69 on Friday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 16.51 and a beta of 0.74. IDT has a 52 week low of $37.98 and a 52 week high of $71.12. The firm’s 50-day simple moving average is $61.95 and its two-hundred day simple moving average is $59.02.

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

IDT Announces Dividend

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

Institutional Trading of IDT

A number of hedge funds and other institutional investors have recently bought and sold shares of IDT. Copeland Capital Management LLC boosted its position in IDT by 16.3% during the 2nd quarter. Copeland Capital Management LLC now owns 1,298 shares of the utilities provider’s stock valued at $89,000 after buying an additional 182 shares during the period. Martingale Asset Management L P boosted its position in IDT by 1.0% during the 1st quarter. Martingale Asset Management L P now owns 20,610 shares of the utilities provider’s stock valued at $1,058,000 after buying an additional 210 shares during the period. Rhumbline Advisers boosted its position in IDT by 1.2% during the 1st quarter. Rhumbline Advisers now owns 26,240 shares of the utilities provider’s stock valued at $1,346,000 after buying an additional 320 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 valued at $470,000 after buying an additional 381 shares during the period. Finally, Invesco Ltd. boosted its position in IDT by 3.5% during the 1st quarter. Invesco Ltd. now owns 29,615 shares of the utilities provider’s stock valued at $1,520,000 after buying an additional 988 shares during the period. Institutional investors own 59.34% of the company’s stock.

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.