MagicJack (CALL +12.6%) shares hit a 17-month high as Oppenheimer starts coverage at Outperform...

|By:, SA News Editor

MagicJack (CALL +12.6%) shares hit a 17-month high as Oppenheimer starts coverage at Outperform with a $24 price target. Noting "very strong" sales thus far, the firm expects CALL to further expand its offerings and predicts sustained revenue and earnings growth of at least 20% annually, "helped by price increases and improved distribution."