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Telecom IDT Stock Sees Composite Rating Improve To 96

The IBD SmartSelect Composite Rating for IDT (IDT) rose from 93 to 96 Monday. The telecom and payment firm has 99 Relative Strength Rating.




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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.

IDT stock has been performing well, almost quadrupling its value thus far in 2021. After hitting a 52-week high of 57.10 Aug. 13, the stock has pulled back just below its 50-day moving average and  is now out of proper buy range. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 


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One weak spot is the company’s 72 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.

Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.

The telecom and payment firm reported 488% EPS growth for Q3. That means it’s now delivered two straight quarters of rising EPS gains. Revenue growth increased 16%, up from 5% in the prior quarter. The company has now posted increasing growth in each of the last two quarters.

IDT stock holds the No. 2 rank among its peers in the Telecom Servics-Integrated industry group. Charter Communications (CHTR) is the No. 1-ranked stock within the group. For more industry  news, check out “Telecom Stocks To Watch And Industry News.”

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