ATN International (NASDAQ:ATNI) Rating Increased to Hold at Zacks Research

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

Several other analysts have also commented on ATNI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ATN International in a research report on Friday. Wall Street Zen raised shares of ATN International from a “hold” rating to a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

ATN International Price Performance

Shares of NASDAQ:ATNI opened at $31.29 on Monday. The company has a market capitalization of $481.24 million, a P/E ratio of 3.04, a price-to-earnings-growth ratio of 4.12 and a beta of 0.56. The company’s 50-day moving average is $25.63 and its 200 day moving average is $26.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.16 and a current ratio of 1.63. ATN International has a fifty-two week low of $13.86 and a fifty-two week high of $33.41.

Insider Buying and Selling

In other ATN International news, major shareholder Cornelius B. Prior, Jr. sold 7,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $29.74, for a total transaction of $208,180.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 84,064 shares of company stock worth $2,364,786 over the last quarter. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new stake in ATN International during the 1st quarter valued at $138,000. Meeder Asset Management Inc. bought a new position in shares of ATN International in the second quarter worth $217,000. Deutsche Bank AG bought a new position in shares of ATN International in the second quarter worth $262,000. Segall Bryant & Hamill LLC purchased a new position in shares of ATN International in the fourth quarter valued at $448,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of ATN International in the fourth quarter valued at $479,000. 65.50% of the stock is owned by institutional investors.

About ATN International

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.