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.
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.
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