ATN International (NASDAQ:ATNI) Lowered to Hold Rating by StockNews.com

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

Separately, BWS Financial reiterated a “buy” rating and set a $30.00 price target on shares of ATN International in a research report on Friday, July 26th.

ATN International Trading Down 2.0 %

Shares of ATNI stock opened at $20.55 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The firm has a market cap of $310.51 million, a P/E ratio of -7.56, a price-to-earnings-growth ratio of 25.41 and a beta of 0.57. The business has a 50-day moving average price of $29.77 and a two-hundred day moving average price of $25.96. ATN International has a 12-month low of $18.20 and a 12-month high of $39.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ATNI. Innealta Capital LLC purchased a new position in ATN International during the 2nd quarter valued at about $26,000. GAMMA Investing LLC increased its stake in shares of ATN International by 72.2% during the second quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock valued at $76,000 after buying an additional 1,400 shares during the period. SG Americas Securities LLC bought a new position in shares of ATN International during the third quarter valued at approximately $113,000. BNP Paribas Financial Markets lifted its stake in ATN International by 52.6% in the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock worth $180,000 after acquiring an additional 1,968 shares during the period. Finally, Gabelli Funds LLC bought a new stake in ATN International in the second quarter valued at $206,000. Institutional investors own 65.50% of the company’s stock.

About ATN International

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.