Zacks Downgrades Atlantic Tele-Network to Neutral (ATNI)
Atlantic Tele-Network (NASDAQ:ATNI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday, Stock Ratings News reports. They currently have a $70.00 price objective on the stock. Zacks‘s price objective points to a potential upside of 22.19% from the stock’s previous close.
Separately, analysts at BWS Financial downgraded shares of Atlantic Tele-Network from a “hold” rating to a “sell” rating in a research note on Thursday. They now have a $48.00 price target on the stock, down previously from $51.00.
Atlantic Tele-Network (NASDAQ:ATNI) traded up 0.35% on Monday, hitting $57.49. 34,121 shares of the company’s stock traded hands. Atlantic Tele-Network has a 52 week low of $45.00 and a 52 week high of $67.16. The stock has a 50-day moving average of $63.5 and a 200-day moving average of $59.21. The company has a market cap of $910.0 million and a price-to-earnings ratio of 2.93.
Atlantic Tele-Network (NASDAQ:ATNI) last released its earnings data on Tuesday, April 29th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.11. Analysts expect that Atlantic Tele-Network will post $2.04 EPS for the current fiscal year.
Atlantic Tele-Network, Inc (NASDAQ:ATNI) provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean.
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