ATN International (NASDAQ:ATNI) Raised to “Hold” at Zacks Research

ATN International (NASDAQ:ATNI) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of ATN International in a report on Friday. Wall Street Zen raised ATN International from a “hold” rating to a “buy” rating in a research note on Saturday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, ATN International has a consensus rating of “Hold”.

ATN International Stock Performance

ATN International stock opened at $31.29 on Monday. The firm has a 50 day simple moving average of $25.63 and a 200-day simple moving average of $26.43. ATN International has a 1-year low of $13.86 and a 1-year high of $33.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.63 and a quick ratio of 1.16. The stock has a market cap of $481.24 million, a price-to-earnings ratio of 3.04, a price-to-earnings-growth ratio of 4.12 and a beta of 0.56.

Insider Buying and Selling

In other ATN International news, major shareholder Cornelius B. Prior, Jr. sold 19,100 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $27.96, for a total transaction of $534,036.00. Following the transaction, the insider directly owned 87,936 shares in the company, valued at $2,458,690.56. This represents a 17.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 84,064 shares of company stock worth $2,364,786 in the last 90 days. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ATN International

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in ATN International in the 2nd quarter valued at about $24,457,000. Bank of New York Mellon Corp acquired a new stake in shares of ATN International during the second quarter worth about $3,323,000. Brown Brothers Harriman & Co. lifted its position in shares of ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after purchasing an additional 35,394 shares in the last quarter. Marshall Wace LLP lifted its position in shares of ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after purchasing an additional 27,714 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of ATN International in the fourth quarter valued at approximately $479,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

ATN International Company Profile

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.