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Enter Symbol:
Inteliquent Inc. (IQNT) [hlAlert]

down 80.09 %

NEUTRAL TANDEM INC. (IQNT) downgraded to Underperform by Oppenheimer

Posted on: Thursday,  Nov 8, 2012  8:25 AM ET by Oppenheimer

Oppenheimer rated Underperform Inteliquent Inc. (NASDAQ: IQNT) on 11/08/2012. Previously Oppenheimer rated Perform
Inteliquent Inc. (NASDAQ: IQNT) on 03/30/2010., when the stock price was $15.99. Since then, Inteliquent Inc. has lost 73.36% as of 11/08/2012's recent price of $4.26.

Neutral Tandem, Inc. is a provider of tandem interconnection services to competitive carriers, including wireless, wireline, cable and broadband telephony companies. Competitive carriers use tandem switches to interconnect and exchange traffic between their networks without the need to establish direct switch-to-switch connections. As of December 31, 2008, the Company?s network was capable of connecting calls to approximately 391 million telephone numbers assigned to carriers. Telephone numbers assigned to a carrier may not necessarily be assigned to, and in use by, an end user. As of December 31, 2008, the Company had 76 carriers originating traffic and 81 carriers connected to its network. The Company principally serves competitive carriers, which represented approximately 95.9% of its revenues, during the year ended December 31, 2008, with non-carriers accounting for the remaining 4.1%.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/8/2012 8:25 AM Sell
as of 12/31/2012
1 Week up  6.69 %
1 Month up  6.69 %
3 Months up  41.07 %
1 YTD up  41.07 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/30/2010 8:25 AM None
5/1/2009 8:25 AM Buy
29.64 33.00

(*) Stock Price at the time of the recommendation.
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