ATN International (NASDAQ:ATNI) Raised to Strong-Buy at Wall Street Zen

ATN International (NASDAQ:ATNI) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday, Wall Street Zen reports.

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

ATN International Stock Performance

ATNI opened at $30.32 on Friday. ATN International has a fifty-two week low of $13.86 and a fifty-two week high of $33.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.63 and a quick ratio of 1.59. The firm has a market capitalization of $466.93 million, a price-to-earnings ratio of 2.95, a PEG ratio of 3.89 and a beta of 0.59. The company’s 50 day moving average price is $27.67 and its two-hundred day moving average price is $27.23.

Insider Buying and Selling

In other news, 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 value of $313,400.00. Following the transaction, the insider owned 37,165 shares in the company, valued at approximately $1,164,751.10. The trade was a 21.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patricia Jacobs sold 1,500 shares of the company’s stock in a transaction on 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 approximately $599,538.32. This represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,271 shares of company stock worth $1,649,663 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of ATN International

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in shares of ATN International in the 2nd quarter valued at about $3,323,000. Empowered Funds LLC bought a new stake in shares of ATN International during the 2nd quarter valued at about $2,481,000. BlackRock Inc. bought a new stake in shares of ATN International during the 2nd quarter valued at about $24,457,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ATN International during the second quarter worth approximately $739,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in ATN International during the fourth quarter worth approximately $479,000. 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.