TheStreet Downgrades ATN International Inc (ATNI) to C+

ATN International Inc (NASDAQ:ATNI) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Wednesday.

Separately, Zacks Investment Research lowered shares of ATN International from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd.

Shares of ATN International (NASDAQ:ATNI) traded up 0.77% during trading on Wednesday, hitting $63.05. 36,498 shares of the company’s stock were exchanged. ATN International has a 1-year low of $60.99 and a 1-year high of $87.82. The firm has a market capitalization of $1.02 billion, a PE ratio of 79.71 and a beta of 0.84. The stock’s 50 day moving average is $68.53 and its 200 day moving average is $73.54.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Wednesday, April 26th. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $128.12 million during the quarter, compared to analyst estimates of $130.13 million. ATN International had a net margin of 3.50% and a return on equity of 2.20%. On average, equities research analysts forecast that ATN International will post $1.97 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in ATN International during the fourth quarter worth about $10,160,000. Dean Investment Associates LLC purchased a new stake in ATN International during the first quarter worth about $3,904,000. State Street Corp raised its stake in ATN International by 15.5% in the fourth quarter. State Street Corp now owns 274,645 shares of the technology company’s stock worth $22,001,000 after buying an additional 36,765 shares in the last quarter. Dean Capital Management purchased a new stake in ATN International during the first quarter worth about $2,053,000. Finally, Macquarie Group Ltd. raised its stake in ATN International by 7.6% in the fourth quarter. Macquarie Group Ltd. now owns 278,955 shares of the technology company’s stock worth $22,353,000 after buying an additional 19,668 shares in the last quarter. Institutional investors and hedge funds own 59.21% of the company’s stock.

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.

5 Day Chart for NASDAQ:ATNI

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