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Fly News Breaks for October 29, 2015
IQNT
Oct 29, 2015 | 14:39 EDT
BWS Financial analyst Hamed Khorsand noted that much of the initial traffic for Inteliquent (IQNT) under its deal with T-Mobile (TMUS) has been lower margin voice traffic, causing investors to have misplaced concerns about future growth. Khorsand, who expects Inteliquent to see the real benefits of its multi-year deal in the second half of 2016, sees the weakness as a buying opportunity and keeps a Strong Buy rating and $40 price target on the stock, which is down 17% to $18.69 in afternoon trading.
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