IDT (NYSE:IDT) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com started coverage on shares of IDT (NYSE:IDT – Get Rating) in a report released on Thursday. The firm set a “buy” rating on the utilities provider’s stock.

Separately, TheStreet raised IDT from a “c+” rating to a “b-” rating in a research report on Wednesday, February 15th.

IDT Price Performance

Shares of IDT stock opened at $33.04 on Thursday. IDT has a fifty-two week low of $21.68 and a fifty-two week high of $37.77. The stock’s 50-day moving average is $30.20 and its two-hundred day moving average is $27.72. The firm has a market cap of $842.85 million, a P/E ratio of 17.96 and a beta of 1.11.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IDT. Captrust Financial Advisors increased its holdings in shares of IDT by 58.3% during the 2nd quarter. Captrust Financial Advisors now owns 1,385 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 510 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of IDT during the 2nd quarter valued at about $54,000. Barclays PLC increased its holdings in shares of IDT by 44.1% during the 3rd quarter. Barclays PLC now owns 2,881 shares of the utilities provider’s stock valued at $71,000 after acquiring an additional 882 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of IDT by 113.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,902 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 2,603 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of IDT by 11.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,553 shares of the utilities provider’s stock valued at $163,000 after acquiring an additional 658 shares during the last quarter. Institutional investors and hedge funds own 42.94% of the company’s stock.

IDT Company Profile

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IDT Corp. operates as a holding company. The firm engages in the distribution and market of communications and payment services. It operates through the following segments: Fintech, net2phone-UCaaS and Traditional Communications. The Fintech segment offers money transfer services. The net2phone-UCaaS segment comprises cloud-based PBX services offered to enterprise customers mainly through value-added resellers, service providers, telecom agents and managed service providers, SIP trunking, which supports inbound and outbound domestic and international calling from an IP PBX and cable telephony.