ATN International Inc (ATNI) Downgraded to “C+” at TheStreet

TheStreet lowered shares of ATN International Inc (NASDAQ:ATNI) from a b- rating to a c+ rating in a research note published on Wednesday.

Separately, Zacks Investment Research cut ATN International from a hold rating to a strong sell rating in a research report on Tuesday, February 28th.

Shares of ATN International (NASDAQ:ATNI) traded up 0.62% during midday trading on Wednesday, reaching $62.96. The company had a trading volume of 36,194 shares. ATN International has a 1-year low of $60.99 and a 1-year high of $87.82. The stock has a market capitalization of $1.02 billion, a PE ratio of 79.60 and a beta of 0.84. The company’s 50-day moving average is $68.53 and its 200-day moving average is $73.54.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings results on Wednesday, April 26th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. ATN International had a return on equity of 2.20% and a net margin of 3.50%. The business had revenue of $128.12 million for the quarter, compared to the consensus estimate of $130.13 million. On average, equities research analysts forecast that ATN International will post $1.97 EPS for the current year.

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A number of hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of ATN International during the fourth quarter worth approximately $926,000. Thrivent Financial for Lutherans boosted its position in shares of ATN International by 105.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 31,110 shares of the technology company’s stock valued at $2,493,000 after buying an additional 15,990 shares during the period. Citadel Advisors LLC bought a new position in shares of ATN International during the third quarter valued at about $550,000. SG Americas Securities LLC bought a new position in shares of ATN International during the third quarter valued at about $218,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of ATN International by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,400 shares of the technology company’s stock valued at $156,000 after buying an additional 40 shares during the period. 59.21% of the stock is owned by institutional investors.

About ATN International

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.

5 Day Chart for NASDAQ:ATNI

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