ATN International (NASDAQ:ATNI) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of ATN International (NASDAQ:ATNI) from a strong-buy rating to a buy rating in a report released on Sunday,Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Zacks Research upgraded shares of ATN International from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

ATN International Price Performance

Shares of ATN International stock opened at $28.73 on Friday. The stock has a market capitalization of $442.44 million, a P/E ratio of 2.79, a PEG ratio of 3.68 and a beta of 0.59. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $28.20 and a two-hundred day moving average price of $27.26. ATN International has a 12-month low of $13.86 and a 12-month high of $33.41.

Insider Activity at ATN International

In other news, Director Patricia Jacobs sold 1,500 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $30.04, for a total value of $45,060.00. Following the completion of the sale, the director directly owned 19,958 shares of the company’s stock, valued at approximately $599,538.32. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cornelius Prior, Jr. sold 10,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.34, for a total transaction of $313,400.00. Following the completion of the sale, the insider owned 37,165 shares in the company, valued at approximately $1,164,751.10. The trade was a 21.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 63,138 shares of company stock valued at $1,957,393 over the last three months. 5.60% of the stock is owned by company insiders.

Institutional Trading of ATN International

Several hedge funds and other institutional investors have recently bought and sold shares of ATNI. BlackRock Inc. bought a new position in shares of ATN International during the 2nd quarter worth about $24,457,000. Bank of New York Mellon Corp bought a new stake in shares of ATN International in the second quarter valued at about $3,323,000. Empowered Funds LLC acquired a new stake in ATN International during the second quarter worth about $2,481,000. Segall Bryant & Hamill LLC grew its position in ATN International by 49.3% during the first quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock worth $799,000 after buying an additional 9,684 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in ATN International during the second quarter valued at about $739,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

About ATN International

ATN International, Inc is a telecommunications company that provides wireless and wireline communications services in rural and underserved markets. Its offerings include mobile and fixed wireless connectivity, broadband internet, voice services, fiber and enterprise connectivity, managed information technology services, wholesale telecommunications, and related infrastructure services.

The company serves customers in selected markets across the United States and the Caribbean. Its operations have included telecommunications networks and broadband services in Alaska and other rural U.S.