ATN International (NASDAQ:ATNI) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued on Monday, January 8th.
Several other research firms have also commented on ATNI. BidaskClub lowered shares of ATN International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Sidoti upgraded shares of ATN International from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a report on Monday, January 8th. Finally, Zacks Investment Research raised shares of ATN International from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $63.50.
Shares of ATN International (NASDAQ ATNI) traded down $1.14 during midday trading on Monday, hitting $57.73. 78,230 shares of the stock were exchanged, compared to its average volume of 95,619. The company has a current ratio of 1.93, a quick ratio of 1.84 and a debt-to-equity ratio of 0.19. ATN International has a 1 year low of $49.50 and a 1 year high of $82.59. The stock has a market capitalization of $942.90, a PE ratio of -94.64 and a beta of 0.52.
In other ATN International news, CFO Justin D. Benincasa sold 4,179 shares of ATN International stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $59.72, for a total transaction of $249,569.88. Following the completion of the sale, the chief financial officer now directly owns 59,526 shares in the company, valued at approximately $3,554,892.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael T. Prior sold 7,355 shares of ATN International stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $55.36, for a total transaction of $407,172.80. Following the sale, the insider now owns 387,247 shares of the company’s stock, valued at $21,437,993.92. The disclosure for this sale can be found here. Insiders sold a total of 13,534 shares of company stock valued at $765,963 over the last quarter. 32.70% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ATNI. SG Americas Securities LLC lifted its stake in shares of ATN International by 157.2% in the 2nd quarter. SG Americas Securities LLC now owns 4,043 shares of the technology company’s stock valued at $277,000 after purchasing an additional 2,471 shares during the period. Bank of New York Mellon Corp increased its holdings in ATN International by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 220,316 shares of the technology company’s stock worth $15,079,000 after acquiring an additional 1,307 shares in the last quarter. Teachers Advisors LLC increased its holdings in ATN International by 6.7% in the 2nd quarter. Teachers Advisors LLC now owns 18,605 shares of the technology company’s stock worth $1,273,000 after acquiring an additional 1,171 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in ATN International by 12.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 47,478 shares of the technology company’s stock worth $3,249,000 after acquiring an additional 5,200 shares in the last quarter. Finally, Nationwide Fund Advisors increased its holdings in ATN International by 2.2% in the 2nd quarter. Nationwide Fund Advisors now owns 8,347 shares of the technology company’s stock worth $571,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 58.38% of the company’s stock.
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ATN International Company Profile
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
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