TMCnet News
Downgrade Alert for Atlantic Tele-Network (ATNI)May 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Atlantic Tele-Network (NASDAQ:ATNI) was downgraded from Buy to Hold at BWS Financial today. The stock closed yesterday at $50.77 on volume of 65,000 shares, above average daily volume of 36,000. Atlantic Tele-Network, Inc. is a holding company for Guyana Telephone & Telegraph Company Limited. The Company provides local, long distance, and international services in the Republic of Guyana. Atlantic focuses on expansion in wire line, cellular, and cable television throughout the Caribbean region. Potential upside of 1.4% exists for Atlantic Tele-Network, based on a current level of $50.77 and analysts' average consensus price target of $51.50. Atlantic Tele-Network shares have support at the 50-day moving average (MA) of $47.63 and additional support at the 200-day MA of $41.49. Over the past year, Atlantic Tele-Network has traded in a range of $30.63 to $51.19 and closed yesterday at $50.77, 66% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%. SmarTrend recommended that subscribers consider buying shares of Atlantic Tele-Network on January 10th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.66. Since that recommendation, shares of Atlantic Tele-Network have risen 31.3%. We continue to monitor ATNI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |