ATN International, Inc. (ATNI) Rating Lowered to D+ at TheStreet

ATN International, Inc. (NASDAQ:ATNI) was downgraded by equities researchers at TheStreet from a “c” rating to a “d+” rating in a research report issued on Tuesday.

A number of other brokerages have also recently commented on ATNI. Zacks Investment Research raised ATN International from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine raised ATN International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub cut ATN International from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BWS Financial decreased their target price on ATN International from $64.00 to $57.00 and set a “hold” rating on the stock in a report on Monday, July 31st. Finally, Sidoti cut ATN International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $73.00 to $57.00 in a report on Tuesday, October 3rd. Five research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $57.00.

ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Monday, October 30th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.18. The firm had revenue of $122.13 million for the quarter, compared to analysts’ expectations of $123.92 million. ATN International had a positive return on equity of 3.34% and a negative net margin of 1.93%.

ILLEGAL ACTIVITY NOTICE: “ATN International, Inc. (ATNI) Rating Lowered to D+ at TheStreet” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.com-unik.info/2017/11/02/atn-international-inc-atni-rating-lowered-to-d-at-thestreet.html.

In other news, SVP Leonard Q. Slap sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $62.00, for a total transaction of $62,000.00. Following the completion of the transaction, the senior vice president now owns 26,645 shares in the company, valued at $1,651,990. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 32.70% of the company’s stock.

Several institutional investors have recently modified their holdings of ATNI. OppenheimerFunds Inc. grew its position in shares of ATN International by 50.6% during the first quarter. OppenheimerFunds Inc. now owns 5,014 shares of the technology company’s stock valued at $353,000 after purchasing an additional 1,684 shares in the last quarter. Teachers Advisors LLC grew its position in shares of ATN International by 2.5% during the first quarter. Teachers Advisors LLC now owns 17,434 shares of the technology company’s stock valued at $1,228,000 after purchasing an additional 417 shares in the last quarter. State Street Corp grew its position in shares of ATN International by 5.9% during the first quarter. State Street Corp now owns 290,723 shares of the technology company’s stock valued at $20,477,000 after purchasing an additional 16,078 shares in the last quarter. Kirr Marbach & Co. LLC IN grew its position in shares of ATN International by 60.4% during the second quarter. Kirr Marbach & Co. LLC IN now owns 5,405 shares of the technology company’s stock valued at $370,000 after purchasing an additional 2,035 shares in the last quarter. Finally, Aperio Group LLC grew its position in shares of ATN International by 23.1% during the second quarter. Aperio Group LLC now owns 9,537 shares of the technology company’s stock valued at $653,000 after purchasing an additional 1,790 shares in the last quarter. Hedge funds and other institutional investors own 58.97% of the company’s stock.

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.

What are top analysts saying about ATN International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for ATN International Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit