Zacks Research Upgrades ATN International (NASDAQ:ATNI) to Hold

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

Several other research firms also recently commented on ATNI. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “hold (c-)” rating on shares of ATN International in a research report on Friday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

ATN International Stock Performance

Shares of ATN International stock opened at $31.29 on Monday. The business has a 50-day simple moving average of $25.63 and a 200 day simple moving average of $26.43. ATN International has a one year low of $13.86 and a one 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 firm has a market capitalization of $481.24 million, a price-to-earnings ratio of 3.04, a PEG ratio of 4.12 and a beta of 0.56.

Insider Activity at ATN International

In other news, major shareholder Cornelius B. Prior, Jr. sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $29.74, for a total value of $208,180.00. Following the transaction, the insider owned 74,436 shares in the company, valued at $2,213,726.64. This trade represents a 8.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 84,064 shares of company stock valued at $2,364,786 over the last three months. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On ATN International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in ATN International by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock valued at $3,338,000 after buying an additional 1,132 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after buying an additional 2,397 shares in the last quarter. Strs Ohio purchased a new position in shares of ATN International in the 1st quarter worth approximately $138,000. Meeder Asset Management Inc. purchased a new position in shares of ATN International in the 2nd quarter worth approximately $217,000. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of ATN International by 49.3% in the first quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock valued at $799,000 after acquiring an additional 9,684 shares in the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

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.