Fly News Breaks for February 26, 2015
IQNT
Feb 26, 2015 | 14:29 EDT
BWS Financial attributes the weakness in Inteliquent shares despite its slight beat on the top and bottom lines to investor concerns over the company's revenue mix and sequential decline in local transit minutes. However, the firm thinks a continued rise in minutes of use in the network should give Inteliquent a stronger foundation in 2015 and believes the MOU rise should be able to offset a decline in rates. BWS has a Buy rating and $20 price target on the stock.
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