ATN International (ATNI) Rating Lowered to Strong Sell at BidaskClub

ATN International (NASDAQ:ATNI) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

ATNI has been the subject of a number of other research reports. Sidoti raised 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. ValuEngine downgraded shares of ATN International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, TheStreet raised shares of ATN International from a “d+” rating to a “c-” rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $63.50.

ATN International (ATNI) traded up $0.22 during trading on Friday, reaching $53.64. The company’s stock had a trading volume of 81,350 shares, compared to its average volume of 98,078. ATN International has a 12 month low of $49.50 and a 12 month high of $82.59. The company has a current ratio of 1.93, a quick ratio of 1.84 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $862.67, a P/E ratio of -85.14 and a beta of 0.52.

In other news, VP William F. Kreisher sold 2,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $54.61, for a total transaction of $109,220.00. Following the completion of the sale, the vice president now owns 46,722 shares in the company, valued at approximately $2,551,488.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael T. Prior sold 7,355 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $55.36, for a total value of $407,172.80. Following the sale, the insider now owns 387,247 shares of the company’s stock, valued at approximately $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 in the last 90 days. 32.70% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC grew its holdings in shares of ATN International by 12.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 47,478 shares of the technology company’s stock worth $3,249,000 after purchasing an additional 5,200 shares during the period. River Road Asset Management LLC grew its holdings in shares of ATN International by 16.8% during the 3rd quarter. River Road Asset Management LLC now owns 335,542 shares of the technology company’s stock worth $17,683,000 after purchasing an additional 48,330 shares during the period. Alps Advisors Inc. purchased a new stake in shares of ATN International during the 3rd quarter worth about $453,000. Parametric Portfolio Associates LLC grew its holdings in shares of ATN International by 12.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 37,527 shares of the technology company’s stock worth $2,568,000 after purchasing an additional 4,275 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of ATN International by 5.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 82,729 shares of the technology company’s stock worth $4,360,000 after purchasing an additional 4,461 shares during the period. Institutional investors and hedge funds own 58.34% of the company’s stock.

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About ATN International

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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