BidaskClub Downgrades ATN International (ATNI) to Sell

Share on StockTwits

ATN International (NASDAQ:ATNI) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Several other brokerages have also recently weighed in on ATNI. Maxim Group began coverage on ATN International in a research note on Monday, December 3rd. They set a “hold” rating and a $82.02 target price for the company. Zacks Investment Research raised ATN International from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Tuesday, October 9th. Finally, ValuEngine raised ATN International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $69.26.

NASDAQ:ATNI opened at $74.58 on Wednesday. ATN International has a 1 year low of $49.34 and a 1 year high of $88.78. The firm has a market capitalization of $1.17 billion, a PE ratio of 34.21 and a beta of 0.50. The company has a quick ratio of 1.59, a current ratio of 1.62 and a debt-to-equity ratio of 0.11.

In other news, CFO Justin D. Benincasa sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $77.13, for a total transaction of $385,650.00. Following the completion of the sale, the chief financial officer now directly owns 60,507 shares of the company’s stock, valued at $4,666,904.91. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Justin D. Benincasa sold 3,000 shares of the company’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $76.40, for a total value of $229,200.00. Following the sale, the chief financial officer now directly owns 56,466 shares of the company’s stock, valued at $4,314,002.40. The disclosure for this sale can be found here. Company insiders own 32.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ATNI. Meeder Asset Management Inc. lifted its holdings in shares of ATN International by 74.5% during the fourth quarter. Meeder Asset Management Inc. now owns 588 shares of the technology company’s stock valued at $42,000 after purchasing an additional 251 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of ATN International during the fourth quarter valued at $209,000. Advisor Partners LLC purchased a new stake in shares of ATN International during the third quarter valued at $268,000. Acadian Asset Management LLC purchased a new stake in shares of ATN International during the third quarter valued at $320,000. Finally, MetLife Investment Advisors LLC lifted its holdings in shares of ATN International by 61.0% during the third quarter. MetLife Investment Advisors LLC now owns 7,655 shares of the technology company’s stock valued at $566,000 after purchasing an additional 2,901 shares during the last quarter. 65.52% of the stock is owned by institutional investors and hedge funds.

ATN International Company Profile

ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda, and the Caribbean. It operates through U.S. Telecom, International Telecom, and Renewable Energy segments. The company offers wholesale wireless voice and data roaming services; wireline local telephone and data, video, and long-distance voice services; and facilities-based integrated voice and data communications, and wholesale transport services to enterprise and residential customers.

Featured Article: What is a Market Correction?

Receive News & Ratings for ATN International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATN International and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Pebblebrook Hotel Trust  Increases Dividend to $0.38 Per Share
Pebblebrook Hotel Trust Increases Dividend to $0.38 Per Share
APN Industria REIT  To Go Ex-Dividend on March 28th
APN Industria REIT To Go Ex-Dividend on March 28th
Volution Group PLC  Announces Dividend of GBX 1.60
Volution Group PLC Announces Dividend of GBX 1.60
Insider Selling: Ambarella Inc  VP Sells 3,700 Shares of Stock
Insider Selling: Ambarella Inc VP Sells 3,700 Shares of Stock
iShares Morningstar Mid-Cap Value ETF  Shares Bought by MML Investors Services LLC
iShares Morningstar Mid-Cap Value ETF Shares Bought by MML Investors Services LLC
Zacks: Analysts Expect Cloudera Inc  Will Announce Earnings of -$0.23 Per Share
Zacks: Analysts Expect Cloudera Inc Will Announce Earnings of -$0.23 Per Share


© 2006-2019 Ticker Report