Anterix (NASDAQ:ATEX) Downgraded by BidaskClub to Sell

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Anterix (NASDAQ:ATEX) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, BidAskClub reports.

ATEX has been the subject of a number of other research reports. JPMorgan Chase & Co. began coverage on shares of Anterix in a report on Monday, February 3rd. They set a “neutral” rating and a $58.00 price objective for the company. Morgan Stanley began coverage on shares of Anterix in a report on Monday, November 11th. They set an “equal weight” rating and a $50.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Anterix from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Anterix currently has a consensus rating of “Hold” and a consensus price target of $59.83.

ATEX opened at $47.33 on Friday. Anterix has a fifty-two week low of $33.14 and a fifty-two week high of $51.33. The company’s 50-day moving average is $46.38 and its 200 day moving average is $42.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 18.54 and a quick ratio of 18.54. The firm has a market capitalization of $702.78 million and a P/E ratio of -20.49.

A number of hedge funds and other institutional investors have recently bought and sold shares of ATEX. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Anterix during the third quarter worth about $26,000. Cutler Group LP purchased a new position in shares of Anterix in the fourth quarter worth about $30,000. Great West Life Assurance Co. Can purchased a new position in shares of Anterix in the fourth quarter worth about $36,000. Tower Research Capital LLC TRC purchased a new position in shares of Anterix in the third quarter worth about $70,000. Finally, Bank of Montreal Can increased its stake in shares of Anterix by 30.1% in the fourth quarter. Bank of Montreal Can now owns 1,881 shares of the company’s stock worth $81,000 after purchasing an additional 435 shares in the last quarter. Institutional investors and hedge funds own 12.35% of the company’s stock.

About Anterix

Anterix Inc operates as a wireless communications company. The company focuses on enabling private broadband connectivity for critical infrastructure and enterprise businesses. It holds licensed spectrum in the 900 MHz band with nationwide coverage throughout the United States, Hawaii, Alaska, and Puerto Rico.

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