NEUTRAL TANDEM (INTELIQUENT) TAKES OFF POST ANALYSTS UPGRADE, NEW CFO

Neutral Tandem Inc $IQNT surges more than 20% after an analyst upgrade and c-suite announcement this morning.

Raymond James upgraded the voice services provider, known by its brand name Inteliquent, to an outperform from Market Perform.  The company also announced the appointment of Kurt Abkemeier as CFO.

The Chicago-based company has an Internet protocol network that connects 179 markets. Its technology helps telephone companies and other communications providers to deliver voice, data and video worldwide. In the U.S., Inteliquent’s technology enables local carriers to streamline how they route local and long distance traffic, improving efficiency. Forbes Magazine named the company #38 in its list of 100 best small businesses two years ago.

StockTwits user Brian Bolan was all over the news.

bbolan1

Jan. 21 at 10:07 AM

$IQNT appoints a new CFO and moved to Outperform from Market Perform at Raymond James

Before joining $IQNT,  new CFO Abkemeier had worked as a Finance vice president at CBeyond and AirGate PCS, a regional telecommunications service provider. He had also worked as a senior sell-side research analyst at J.P. Morgan & Co, covering the telecommunications sector, according to Inteliquent.

Some investors were looking for the stock to break $13 a share, the stock’s 52-week high and, some say, a resistance level.

alandelmz

Jan. 21 at 10:22 AM

$IQNT brks 13 already

Others looked for a pullback to enter, but are having trouble finding one.

kunal00

Jan. 21 at 10:21 AM

$iqnt hot but wont give me an entry sucker wont dip

Via Catherine Holahan


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