Zacks Initiates Coverage of IDT Corporation With Neutral Recommendation

Zacks Investment Research has recently initiated coverage of IDT Corporation (IDT) , assigning a "Neutral" recommendation to the company's shares. This assessment comes amid a mixed outlook for the company, which has been making notable strides in the communication and payment services space despite industry challenges. IDT's high-growth, high-margin segments — National Retail Solutions (NRS), net2phone, and BOSS Money — are pivotal to its robust performance. In the third quarter of fiscal 2024, these segme ...