Atlantic Tele-Network Inc (NASDAQ:ATNI) was downgraded by BWS Financial from a “hold” rating to a “sell” rating in a research note issued on Thursday, AnalystRatingsNetwork reports. They currently have a $48.00 target price on the stock, down from their previous target price of $51.00.Atlantic Tele-Network, Inc. (NASDAQ:ATNI) shares after opening at $57.07 moved to $58.14 on last trade day and at the end of the day closed at $ 57.29 . Company price to sales ratio in past twelve months was calculated as 3.11 and price to cash ratio as 2.56. Atlantic Tele-Network, Inc. (NASDAQ:ATNI) showed a negative weekly performance of -6.88%.
Shenandoah Telecommunications Company (NASDAQ:SHEN) announced its earnings results on Friday. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.03, AmericanBankingNews.com reports. Shenandoah Telecommunications Company (NASDAQ:SHEN) shares advanced 2.56% in last trading session and ended the day on $28.45. SHEN return on equity ratio is recorded as 12.90% and its return on assets is 5.00%. Shenandoah Telecommunications Company (NASDAQ:SHEN) yearly performance is 81.09%.
Alteva, Inc. (NYSEMKT:ALTV)a premier provider of hosted Unified Communications-as-a-Service (UCaaS), announced today that, in accordance with its previously announced plans, the Company has exercised the put option to sell its interest in the Orange County-Poughkeepsie Limited Partnership (the “O-P”). The gross proceeds of $50 million, which the Company received today, will be used to pay taxes on the related gain, repay outstanding senior debt, fund working capital needs and support growth initiatives, including supporting Alteva’s current customers and deploying solutions for new customers. After April 30, 2014, the Company will no longer have any interest in the O-P and will no longer receive any income from the O-P. Alteva Inc (NYSEMKT:ALTV) shares moved up 0.48% in last trading session and was closed at $6.25 while trading in range of $6.06 – $6.49 – Alteva Inc (NYSEMKT:ALTV) year to date (YTD) performance is -23.50%.
eOn Communications Corporation(NASDAQ:EONC), a Delaware corporation (“eOn”), Inventergy, Inc., a Delaware corporation (“Inventergy”), and Inventergy Merger Sub, Inc., a wholly owned subsidiary of eOn (“Merger Sub”) entered into an agreement (the “Merger Agreement”) providing for the merger of Inventergy with and into Merger Sub (the “Merger”). A copy of the Merger Agreement was filed with the Securities and Exchange Commission (the “SEC”) as an exhibit to eOn’s Form 8-K filed on December 18, 2013. The Merger Agreement was subsequently amended on March 24, 2014 by the First Amendment to Agreement of Merger and Plan of Reorganization, which was filed with the SEC as an exhibit to eOn’s Form 8-K filed on March 25, 2014, which was subsequently amended by eOn’s Form 8-K/A filed on March 28, 2014. eOn Communications Corporation (NASDAQ:EONC) weekly performance is -11.16%. On last trading day company shares ended up $4.14. eOn Communications Corporation (NASDAQ:EONC) distance from 50-day simple moving average (SMA50) is -22.50%.
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