StockNews.com Downgrades ATN International (NASDAQ:ATNI) to Hold

ATN International (NASDAQ:ATNI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, BWS Financial restated a “buy” rating and issued a $30.00 price objective on shares of ATN International in a research note on Friday, July 26th.

ATN International Trading Down 2.0 %

NASDAQ:ATNI opened at $20.55 on Thursday. ATN International has a 52 week low of $18.20 and a 52 week high of $39.88. The firm has a 50-day moving average price of $29.77 and a two-hundred day moving average price of $25.96. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.04 and a current ratio of 1.21. The firm has a market cap of $310.51 million, a price-to-earnings ratio of -7.56, a price-to-earnings-growth ratio of 25.41 and a beta of 0.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in ATN International by 70.4% during the 3rd quarter. GAMMA Investing LLC now owns 5,692 shares of the technology company’s stock valued at $184,000 after acquiring an additional 2,352 shares during the period. SG Americas Securities LLC purchased a new position in shares of ATN International in the third quarter valued at $113,000. Marshall Wace LLP raised its stake in shares of ATN International by 24.9% during the 2nd quarter. Marshall Wace LLP now owns 38,552 shares of the technology company’s stock valued at $879,000 after purchasing an additional 7,694 shares during the period. Gabelli Funds LLC purchased a new stake in ATN International during the 2nd quarter worth about $206,000. Finally, Summit Trail Advisors LLC boosted its stake in ATN International by 26.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company’s stock worth $604,000 after purchasing an additional 5,506 shares during the period. 65.50% of the stock is owned by institutional investors.

ATN International Company Profile

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.