Raymond James reiterated their strong-buy rating on shares of ATN International (NASDAQ:ATNI – Free Report) in a research report sent to investors on Friday morning, Benzinga reports. They currently have a $32.00 target price on the technology company’s stock, down from their previous target price of $40.00.
ATN International Stock Performance
Shares of ATNI opened at $19.52 on Friday. ATN International has a 1-year low of $18.20 and a 1-year high of $41.03. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.83. The firm’s 50-day moving average price is $30.53 and its 200-day moving average price is $33.18.
ATN International (NASDAQ:ATNI – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). ATN International had a negative return on equity of 1.17% and a negative net margin of 1.96%. The business had revenue of $198.97 million for the quarter, compared to the consensus estimate of $192.07 million. As a group, equities analysts expect that ATN International will post -0.31 earnings per share for the current year.
ATN International Cuts Dividend
Institutional Investors Weigh In On ATN International
Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in ATN International by 64.3% during the first quarter. GAMMA Investing LLC now owns 1,940 shares of the technology company’s stock worth $61,000 after acquiring an additional 759 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of ATN International by 498.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock worth $76,000 after buying an additional 1,625 shares in the last quarter. Keeley Teton Advisors LLC lifted its stake in shares of ATN International by 27.6% in the fourth quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock worth $751,000 after buying an additional 4,163 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of ATN International by 1.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock worth $23,215,000 after buying an additional 10,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of ATN International by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 188,995 shares of the technology company’s stock worth $5,965,000 after buying an additional 2,580 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.
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.
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