Wall Street Zen Upgrades ATN International (NASDAQ:ATNI) to Buy

ATN International (NASDAQ:ATNI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts have also recently commented on ATNI. Weiss Ratings raised shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Zacks Research lowered ATN International from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

ATN International Stock Performance

ATNI opened at $31.97 on Friday. ATN International has a twelve month low of $13.86 and a twelve month high of $32.28. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average of $25.50 and a 200-day moving average of $26.30. The stock has a market cap of $491.73 million, a PE ratio of 3.11, a price-to-earnings-growth ratio of 4.10 and a beta of 0.56.

Insider Buying and Selling

In other ATN International news, major shareholder Cornelius B. Prior, Jr. sold 5,000 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $27.65, for a total transaction of $138,250.00. Following the transaction, the insider owned 81,436 shares in the company, valued at approximately $2,251,705.40. This represents a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 76,564 shares of company stock worth $2,141,021. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Hillsdale Investment Management Inc. bought a new stake in ATN International during the 4th quarter worth approximately $479,000. Bank of New York Mellon Corp bought a new position in shares of ATN International in the second quarter valued at approximately $3,323,000. Segall Bryant & Hamill LLC bought a new position in shares of ATN International in the fourth quarter valued at approximately $448,000. Brown Brothers Harriman & Co. boosted its position in shares of ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after buying an additional 35,394 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of ATN International by 7.2% during the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

ATN International Company Profile

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.