IDT Corporation (NYSE:IDT) Downgraded by TheStreet

IDT Corporation (NYSE:IDT) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued on Tuesday, October 3rd.

Separately, BidaskClub lowered shares of IDT Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd.

Shares of IDT Corporation (NYSE:IDT) traded up 1.41% during midday trading on Tuesday, reaching $12.95. 180,123 shares of the company were exchanged. The stock has a market capitalization of $321.64 million, a price-to-earnings ratio of 37.00 and a beta of 1.13. The company’s 50-day moving average price is $14.12 and its 200 day moving average price is $14.80. IDT Corporation has a 52-week low of $12.03 and a 52-week high of $23.13.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors increased its holdings 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 valued at $862,000 after purchasing an additional 10,193 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of IDT Corporation in the second quarter valued at $227,000. Seizert Capital Partners LLC grew its stake 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 valued at $2,427,000 after acquiring an additional 68,771 shares in the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of IDT Corporation in the second quarter valued at about $2,115,000. Finally, Old West Investment Management LLC acquired a new position in shares of IDT Corporation in the second quarter valued at about $2,719,000. Institutional investors and hedge funds own 51.99% 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.

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