ATN International (NASDAQ:ATNI) Stock Rating Lowered by Wall Street Zen

ATN International (NASDAQ:ATNI) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Several other brokerages also recently issued reports on ATNI. Zacks Research upgraded ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings upgraded ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

ATN International Stock Performance

Shares of ATNI opened at $29.67 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68. The stock has a market cap of $456.92 million, a P/E ratio of 2.89, a PEG ratio of 3.68 and a beta of 0.59. The company has a 50-day moving average of $28.33 and a two-hundred day moving average of $27.27. ATN International has a 12-month low of $13.86 and a 12-month high of $33.41.

Insider Activity

In other news, Director Patricia Jacobs sold 1,500 shares of ATN International stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $30.04, for a total transaction of $45,060.00. Following the completion of the sale, the director directly owned 19,958 shares in the company, valued at $599,538.32. The trade was a 6.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cornelius Prior, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $31.34, for a total transaction of $313,400.00. Following the completion of the transaction, the insider directly owned 37,165 shares of the company’s stock, valued at approximately $1,164,751.10. This represents a 21.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 63,138 shares of company stock worth $1,957,393 over the last ninety days. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of ATN International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of ATN International during the 2nd quarter worth $2,481,000. Bank of America Corp DE purchased a new stake in shares of ATN International in the second quarter valued at $678,000. Hsbc Holdings PLC acquired a new position in ATN International in the second quarter valued at $339,000. Canada Pension Plan Investment Board acquired a new position in ATN International in the second quarter valued at $220,000. Finally, Legal & General Group Plc acquired a new position in ATN International in the second quarter valued at $25,000. 65.50% of the stock is owned by hedge funds and other institutional investors.

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.