ATN International (NASDAQ:ATNI) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

A number of other research analysts also recently commented on the company. ValuEngine downgraded ATN International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. TheStreet raised ATN International from a “d+” rating to a “c-” rating in a research note on Monday, January 8th. Finally, Sidoti raised ATN International from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $63.50.

ATN International (ATNI) opened at $53.64 on Friday. The company has a market capitalization of $859.15, a PE ratio of -87.93 and a beta of 0.52. ATN International has a 52 week low of $49.50 and a 52 week high of $82.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.84.

In other ATN International news, insider Michael T. Prior sold 7,355 shares of ATN International stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $55.36, for a total value of $407,172.80. Following the transaction, the insider now owns 387,247 shares in the company, valued at $21,437,993.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Justin D. Benincasa sold 4,179 shares of ATN International stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $59.72, for a total value of $249,569.88. Following the completion of the transaction, the chief financial officer now owns 59,526 shares in the company, valued at approximately $3,554,892.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,534 shares of company stock worth $765,963. Company insiders own 32.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan grew its position in ATN International by 44.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,320 shares of the technology company’s stock valued at $281,000 after acquiring an additional 1,640 shares during the last quarter. SG Americas Securities LLC grew its position in ATN International by 29.3% in the fourth quarter. SG Americas Securities LLC now owns 6,160 shares of the technology company’s stock valued at $340,000 after acquiring an additional 1,396 shares during the last quarter. Nationwide Fund Advisors grew its position in ATN International by 2.2% in the second quarter. Nationwide Fund Advisors now owns 8,347 shares of the technology company’s stock valued at $571,000 after acquiring an additional 180 shares during the last quarter. Alps Advisors Inc. bought a new position in ATN International in the third quarter valued at about $453,000. Finally, Arizona State Retirement System grew its position in ATN International by 218.2% in the fourth quarter. Arizona State Retirement System now owns 18,304 shares of the technology company’s stock valued at $1,011,000 after acquiring an additional 12,551 shares during the last quarter. Hedge funds and other institutional investors own 58.34% of the company’s stock.

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ATN International Company Profile

ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.

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