ATN International, Inc. (NASDAQ:ATNI) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $57.00.

Several equities research analysts have recently issued reports on the company. ValuEngine raised ATN International from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub raised ATN International from a “hold” rating to a “buy” rating in a report on Friday, June 9th. BWS Financial reduced their target price on ATN International from $64.00 to $57.00 and set a “hold” rating on the stock in a report on Monday, July 31st. Zacks Investment Research cut ATN International from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Sidoti began coverage on ATN International in a report on Friday, June 2nd. They issued a “buy” rating on the stock.

In other ATN International news, SVP Leonard Q. Slap sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $62.00, for a total transaction of $62,000.00. Following the sale, the senior vice president now directly owns 26,645 shares of the company’s stock, valued at $1,651,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 32.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Mercantile Trust Co. increased its stake in ATN International by 1.4% during the second quarter. First Mercantile Trust Co. now owns 1,456 shares of the technology company’s stock worth $100,000 after acquiring an additional 20 shares during the last quarter. Arizona State Retirement System increased its stake in ATN International by 1.8% during the first quarter. Arizona State Retirement System now owns 5,553 shares of the technology company’s stock worth $391,000 after acquiring an additional 100 shares during the last quarter. Nationwide Fund Advisors increased its stake in ATN International by 2.2% during the second quarter. Nationwide Fund Advisors now owns 8,347 shares of the technology company’s stock worth $571,000 after acquiring an additional 180 shares during the last quarter. Strs Ohio increased its stake in ATN International by 5.9% during the second quarter. Strs Ohio now owns 3,600 shares of the technology company’s stock worth $246,000 after acquiring an additional 200 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in ATN International by 1.0% during the first quarter. Thrivent Financial For Lutherans now owns 31,430 shares of the technology company’s stock worth $2,213,000 after acquiring an additional 320 shares during the last quarter. 59.22% of the stock is currently owned by institutional investors.

ATN International (NASDAQ ATNI) traded up 1.44% during mid-day trading on Friday, hitting $61.44. The company had a trading volume of 44,337 shares. ATN International has a 52 week low of $57.78 and a 52 week high of $87.82. The company has a market capitalization of $994.96 million, a price-to-earnings ratio of 45.85 and a beta of 0.68. The firm’s 50 day moving average is $61.56 and its 200 day moving average is $67.26.

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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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