ATN International (NASDAQ:ATNI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ATN International (NASDAQ:ATNI) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

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

ATN International Stock Performance

Shares of ATNI opened at $30.26 on Friday. The company has a market capitalization of $466.00 million, a PE ratio of 2.94, a PEG ratio of 3.89 and a beta of 0.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63. The company’s 50 day moving average price is $27.78 and its 200 day moving average price is $27.25. ATN International has a 52 week low of $13.86 and a 52 week high of $33.41.

Insider Buying and Selling

In other news, Director Patricia Jacobs sold 1,500 shares of the business’s 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 transaction, the director owned 19,958 shares in the company, valued at approximately $599,538.32. The trade was a 6.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Cornelius B. Prior, Jr. sold 10,000 shares of the stock in a transaction dated 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 sale, the insider owned 37,165 shares of the company’s stock, valued at approximately $1,164,751.10. The trade was a 21.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 53,271 shares of company stock valued at $1,649,663. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of ATN International

A number of institutional investors and hedge funds have recently modified their holdings of ATNI. Legal & General Group Plc bought a new position in ATN International in the second quarter worth $25,000. California State Teachers Retirement System increased its holdings in ATN International by 590.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,709 shares of the technology company’s stock valued at $98,000 after buying an additional 3,172 shares during the period. Meeder Asset Management Inc. bought a new stake in ATN International in the 2nd quarter valued at $217,000. Canada Pension Plan Investment Board acquired a new position in shares of ATN International in the 2nd quarter valued at $220,000. Finally, Deutsche Bank AG acquired a new position in shares of ATN International in the 2nd quarter valued at $262,000. 65.50% of the stock is currently owned by institutional investors.

ATN International Company Profile

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.