ValuEngine Lowers ATN International (NASDAQ:ATNI) to Hold

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ATN International (NASDAQ:ATNI) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday, ValuEngine reports.

ATNI has been the topic of several other research reports. Raymond James reissued a “buy” rating and set a $67.00 price objective on shares of ATN International in a report on Friday, October 25th. Zacks Investment Research downgraded ATN International from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised ATN International from a “sell” rating to a “hold” rating in a research report on Thursday, January 30th. Finally, BWS Financial raised their target price on ATN International from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. ATN International has an average rating of “Buy” and a consensus price target of $71.50.

Shares of NASDAQ ATNI traded down $0.11 during mid-day trading on Friday, hitting $62.18. 38,800 shares of the stock traded hands, compared to its average volume of 45,809. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.79. ATN International has a twelve month low of $50.48 and a twelve month high of $65.64. The company has a market cap of $981.01 million, a PE ratio of -92.80 and a beta of 0.28. The firm has a 50 day simple moving average of $57.96 and a two-hundred day simple moving average of $57.19.

A number of large investors have recently made changes to their positions in ATNI. Global Alpha Capital Management Ltd. raised its position in ATN International by 31.6% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 574,490 shares of the technology company’s stock worth $31,821,000 after purchasing an additional 137,986 shares during the last quarter. Russell Investments Group Ltd. raised its position in ATN International by 59.3% during the 4th quarter. Russell Investments Group Ltd. now owns 26,473 shares of the technology company’s stock worth $1,468,000 after purchasing an additional 9,857 shares during the last quarter. Alambic Investment Management L.P. bought a new position in ATN International during the 4th quarter worth $427,000. Acadian Asset Management LLC raised its position in ATN International by 9.1% during the 4th quarter. Acadian Asset Management LLC now owns 87,725 shares of the technology company’s stock worth $4,855,000 after purchasing an additional 7,352 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in ATN International by 91.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,500 shares of the technology company’s stock worth $360,000 after purchasing an additional 3,100 shares during the last quarter. 62.73% of the stock is owned by institutional investors and hedge funds.

About ATN International

ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, India, Bermuda, and the Caribbean. It operates through three segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers wireless and wireline services; wholesale wireless voice and data roaming services to wireless carriers principally in the Southwest and Midwest the United States; and retail wireless, wireline, and wholesale long-distance voice services to telecommunications carriers.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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