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

A number of other brokerages have also recently commented on ATNI. Raymond James cut shares of ATN International from an “outperform” rating to a “market perform” rating and set a $69.00 target price for the company. in a report on Friday, July 27th. They noted that the move was a valuation call. ValuEngine raised shares of ATN International from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research raised shares of ATN International from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.33.

Shares of NASDAQ:ATNI opened at $72.40 on Friday. ATN International has a one year low of $49.34 and a one year high of $75.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.63. The stock has a market capitalization of $1.16 billion, a PE ratio of 33.21 and a beta of 0.62.

ATN International (NASDAQ:ATNI) last announced its earnings results on Wednesday, July 25th. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.65. ATN International had a net margin of 4.51% and a return on equity of 3.10%. The business had revenue of $117.79 million during the quarter, compared to analysts’ expectations of $106.01 million. sell-side analysts predict that ATN International will post -0.1 EPS for the current year.

In related news, insider Michael T. Prior sold 1,000 shares of the stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $56.10, for a total transaction of $56,100.00. Following the completion of the transaction, the insider now directly owns 402,624 shares of the company’s stock, valued at $22,587,206.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael T. Prior sold 2,000 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $72.69, for a total transaction of $145,380.00. Following the transaction, the insider now directly owns 397,624 shares of the company’s stock, valued at $28,903,288.56. The disclosure for this sale can be found here. Insiders have sold 8,000 shares of company stock valued at $525,630 over the last three months. 32.80% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors LLC acquired a new position in ATN International during the second quarter worth about $133,000. Aperio Group LLC acquired a new position in ATN International during the first quarter worth about $831,000. Alps Advisors Inc. acquired a new position in ATN International during the second quarter worth about $475,000. Third Avenue Management LLC acquired a new position in ATN International during the second quarter worth about $6,072,000. Finally, SG Americas Securities LLC grew its position in ATN International by 10.9% during the second quarter. SG Americas Securities LLC now owns 31,549 shares of the technology company’s stock worth $1,665,000 after buying an additional 3,090 shares during the period. Institutional investors own 65.92% of the company’s stock.

ATN International Company Profile

ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda, and the Caribbean. It operates through U.S. Telecom, International Telecom, and Renewable Energy segments. The company offers wholesale wireless voice and data roaming services; wireline local telephone and data, video, and long-distance voice services; and facilities-based integrated voice and data communications, and wholesale transport services to enterprise and residential customers.

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