Fidelity Intermediate Municipal Income Fund (FLTMX) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Fidelity Intermediate Municipal Income Fund (FLTMX) trades at $10.10 with AI Score 49/100 (Grade C). Fidelity Intermediate Municipal Income Fund (FLTMX) is a mutual fund focused on providing income exempt from federal income tax. Market cap: $13.7B, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for FLTMX: FLTMX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FLTMX against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
FLTMX: the 3 scored disciplines are evenly split. Dominant signal: Izzy Englander bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Fidelity Intermediate Municipal Income Fund (FLTMX) Financial Services Profile
Fidelity Intermediate Municipal Income Fund is a large player in the asset management sector, specializing in investment-grade municipal securities that offer federal income tax exemptions. With a focus on income generation and a managed maturity range, FLTMX caters to investors seeking stable, tax-advantaged returns within the municipal bond market.
What Is the Investment Thesis for FLTMX?
Fidelity Intermediate Municipal Income Fund presents a compelling investment case for income-seeking investors due to its focus on tax-exempt municipal securities. With a market capitalization of $13.7B, FLTMX offers substantial scale and liquidity. The fund's strategy of maintaining a dollar-weighted average maturity between three and 10 years aims to balance income generation with capital preservation. A key value driver is the ongoing demand for tax-advantaged investment options, particularly among high-net-worth individuals and retirees. Growth catalysts include potential increases in municipal bond issuance to fund infrastructure projects and favorable shifts in tax policy that could enhance the attractiveness of municipal bonds. However, potential risks include rising interest rates, which could negatively impact bond values, and credit risk associated with municipal issuers. The fund's beta of 0.75 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
FLTMX Key Highlights
Market capitalization of $13.7B indicates substantial scale and liquidity.
- Investment-grade municipal securities focus provides tax-exempt income.
- Dollar-weighted average maturity between three and 10 years balances income and capital preservation.
- Beta of 0.75 suggests lower volatility compared to the broader market.
- Managed by Fidelity Investments, a leading global asset manager with extensive fixed income expertise.
Who Are FLTMX's Competitors?
FLTMX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ERASX Eaton Vance Atlanta Capital SMID-Cap Fund | $40.57 | -0.22% | $9.14B | 46 |
| FADMX Fidelity Advisor Strategic Income Fund | $12.12 | -0.25% | $16.0B | 47 |
| FAGIX Fidelity Capital and Income Fund | $11.29 | -0.09% | $16.2B | 47 |
| FDEEX Fidelity Freedom 2055 Fund | $20.99 | -0.47% | $17.4B | 47 |
| FDIVX Fidelity Diversified International Fund | $55.54 | -0.20% | $15.7B | 44 |
| PDI PIMCO Dynamic Income Fund | $14.99 | -1.32% | $6.92B | 60 |
| AEUDX American Century Equity Income Fund R6 Class | $9.60 | -0.83% | $6.53B | 65 |
| TWEIX American Century Equity Income Investor Class | $9.56 | -0.83% | $6.52B | 65 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FLTMX's Key Strengths?
Large market capitalization provides scale and liquidity.
- Focus on investment-grade municipal securities offers tax-exempt income.
- Managed by Fidelity Investments, a reputable asset manager.
- Dollar-weighted average maturity balances income and capital preservation.
What Are FLTMX's Weaknesses?
Vulnerable to interest rate increases.
- Subject to credit risk associated with municipal issuers.
- Limited growth potential compared to equity investments.
- Dependence on the municipal bond market.
What Could Drive FLTMX Stock Higher?
Potential increases in infrastructure spending at the state and local levels.
- Favorable shifts in tax policy that could enhance the attractiveness of municipal bonds.
- Reinvestment opportunities in higher-yielding municipal securities as older bonds mature.
- Growing demand for tax-advantaged income from an aging population.
What Are the Key Risks for FLTMX?
Rising interest rates could negatively impact bond values.
- Economic downturn could increase credit risk among municipal issuers.
- Changes in tax laws could reduce the attractiveness of municipal bonds.
- Competition from other fixed-income investments.
- Market volatility and unforeseen economic events.
What Are the Growth Opportunities for FLTMX?
- Increased Infrastructure Spending: Potential increases in infrastructure spending at the state and local levels could lead to greater municipal bond issuance. This would provide FLTMX with more investment opportunities and potentially enhance returns. The American Society of Civil Engineers estimates a multi-trillion dollar infrastructure gap in the U.S., suggesting significant potential for future municipal bond issuance. Timeline: Ongoing.
- Favorable Tax Policy Changes: Changes in federal tax policy could increase the attractiveness of municipal bonds, driving demand for funds like FLTMX. For example, higher income tax rates could make tax-exempt income more valuable to investors. The potential for tax policy changes is an ongoing factor that could influence the fund's growth. Timeline: Ongoing.
- Rising Interest Rate Environment: While rising interest rates pose a risk to existing bond values, they also create opportunities for FLTMX to reinvest in higher-yielding municipal securities. As older bonds mature or are called, the fund can allocate capital to new issues with more attractive yields. This could enhance the fund's income generation potential over time. Timeline: Ongoing.
- Aging Population and Retirement Savings: The aging population and the increasing need for retirement income are driving demand for stable, income-generating investments. Municipal bond funds like FLTMX can be a noteworthy option for retirees seeking tax-advantaged income. As the baby boomer generation continues to retire, this trend is expected to persist. Timeline: Ongoing.
- Expansion of ESG Investing: There is a growing trend towards environmental, social, and governance (ESG) investing. Municipal bonds can play a role in ESG portfolios, particularly those that finance environmentally friendly projects or support social initiatives. FLTMX could potentially attract more investors by highlighting the ESG aspects of its municipal bond holdings. Timeline: Ongoing.
What Are FLTMX's Competitive Advantages?
- Scale: With a market capitalization of $13.7B, FLTMX benefits from economies of scale and liquidity.
- Brand Reputation: Fidelity Investments has a strong brand reputation and a long history of providing investment management services.
- Expertise: Fidelity's extensive research capabilities and expertise in fixed income investing provide a competitive advantage.
- Tax-Advantaged Structure: The fund's focus on tax-exempt municipal securities offers a unique benefit to investors.
What Does FLTMX Do?
Fidelity Intermediate Municipal Income Fund (FLTMX) is a mutual fund managed by Fidelity Investments, a leading global financial services provider. The fund is designed to provide investors with income that is exempt from federal income tax by investing primarily in investment-grade municipal securities. These securities are debt obligations issued by state and local governments to finance public projects. FLTMX allocates its assets across various market sectors and maturities within the municipal bond market, seeking to optimize returns while managing risk. The fund invests more than 25% of its total assets in municipal securities that finance similar types of projects, indicating a focused investment strategy within specific sectors of the municipal bond market. FLTMX maintains a dollar-weighted average maturity between three and 10 years, which is intended to balance income generation with capital preservation. This maturity range allows the fund to capture attractive yields while mitigating the impact of interest rate fluctuations. Fidelity Investments, the parent company, has a long history of providing investment management services to individuals and institutions. Founded in 1946, Fidelity has grown to become one of the largest asset managers in the world, with a diverse range of investment products and services. FLTMX leverages Fidelity's expertise in fixed income investing and its extensive research capabilities to identify attractive opportunities in the municipal bond market.
What Products and Services Does FLTMX Offer?
- Invests primarily in investment-grade municipal securities.
- Provides income exempt from federal income tax.
- Allocates assets across different market sectors and maturities.
- Invests more than 25% of total assets in municipal securities that finance similar types of projects.
- Maintains a dollar-weighted average maturity between three and 10 years.
- Seeks to optimize returns while managing risk in the municipal bond market.
How Does FLTMX Make Money?
- Generates income from interest payments on municipal bonds.
- Manages a portfolio of municipal securities with varying maturities and credit ratings.
- Provides a tax-advantaged investment option for income-seeking investors.
- Charges a management fee based on the fund's assets under management.
What Industry Does FLTMX Operate In?
Fidelity Intermediate Municipal Income Fund operates within the asset management industry, specifically focusing on fixed-income investments. The municipal bond market, where FLTMX primarily invests, is influenced by factors such as interest rates, credit quality, and tax policy. The industry is characterized by a mix of large asset managers and smaller specialized firms. Competitors include other municipal bond funds such as ERASX, FADMX, FAGIX, FDEEX, and FDIVX. The demand for tax-advantaged investment options is a key driver of growth in this segment, particularly among high-net-worth individuals and retirees.
Who Are FLTMX's Key Customers?
- Individual investors seeking tax-exempt income.
- High-net-worth individuals looking for tax-advantaged investment options.
- Retirees seeking stable income streams.
- Financial advisors and institutions allocating assets to fixed income.
FLTMX Valuation & Market Position
With a $13.7B market cap, Fidelity Intermediate Municipal Income Fund sits in the large-cap segment of the market. Relative to its peer group, FLTMX's quantitative score of 49/100 is roughly in line with the peer average of 46/100.
Key Financial Metrics
Return on equity for Fidelity Intermediate Municipal Income Fund stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. FLTMX trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
FLTMX Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the fund's strategy, indicating a positive outlook from management.
- Community sentiment has shifted positively, with discussions highlighting the fund's resilience in a fluctuating interest rate environment.
- Investors are increasingly attracted to municipal bonds for their tax advantages, enhancing demand for funds like FLTMX.
- The fund's diversified portfolio may buffer against economic downturns, appealing to risk-averse investors looking for stability.
Bear Case
- Concerns over rising interest rates could impact the attractiveness of municipal bonds, leading to potential outflows from the fund.
- Social sentiment has shown some skepticism, with discussions around the fund's performance lagging behind peers in the sector.
- Recent regulatory changes may introduce uncertainties, causing investors to reevaluate their positions in municipal bond funds.
- Market perception remains cautious, as some investors fear a potential economic slowdown, which could affect municipal bond yields.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FLTMX Latest News
No recent news available for FLTMX.
FLTMX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FLTMX.
Price Targets
Wall Street price target analysis for FLTMX.
FLTMX MoonshotScore
What does this score mean?
The MoonshotScore rates FLTMX 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
What Investors Ask About Fidelity Intermediate Municipal Income Fund (FLTMX) — Financial Services
What does the AI Score mean for FLTMX?
FLTMX holds an AI Score of 49/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Fidelity Intermediate Municipal Income Fund (FLTMX) is a mutual fund focused on providing income exempt from federal income tax. The fund invests primarily in investment-grade municipal securities …
What does Fidelity Intermediate Municipal Income Fund do?
Fidelity Intermediate Municipal Income Fund (FLTMX) is a mutual fund that invests primarily in investment-grade municipal securities. The fund's objective is to provide investors with income that is exempt from federal income tax. FLTMX allocates its assets across different market sectors and maturities within the municipal bond market, seeking to optimize returns while managing risk.
What are the main risks for FLTMX?
The main risks for Fidelity Intermediate Municipal Income Fund include interest rate risk, credit risk, and market risk. Rising interest rates could negatively impact bond values, leading to potential losses for investors. Credit risk refers to the possibility that municipal issuers may default on their debt obligations.
How does Fidelity Intermediate Municipal Income Fund make money in financial services?
Fidelity Intermediate Municipal Income Fund generates revenue primarily through interest income earned on its portfolio of municipal bonds. The fund also collects a management fee, calculated as a percentage of the fund's assets under management (AUM). This fee compensates Fidelity Investments for its expertise in managing the fund's investments and providing administrative services.
What are the key factors to evaluate for FLTMX?
Fidelity Intermediate Municipal Income Fund (FLTMX) holds an AI score of 49/100 (low). Fidelity Intermediate Municipal Income Fund presents a compelling investment case for income-seeking investors due to its focus on tax-exempt municipal securities. Not financial advice.
How frequently does FLTMX data refresh on this page?
FLTMX's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven FLTMX's recent stock price performance?
Fidelity Intermediate Municipal Income Fund (FLTMX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Large market capitalization provides scale and liquidity. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider FLTMX overvalued or undervalued right now?
Fidelity Intermediate Municipal Income Fund (FLTMX) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research FLTMX before investing?
Before investing in Fidelity Intermediate Municipal Income Fund (FLTMX), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for FLTMX. The information provided is based on available data and may be subject to change.
- Investment decisions should be based on individual risk tolerance and financial circumstances.