ATN International (NASDAQ:ATNI) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of ATN International (NASDAQ:ATNI) from a hold rating to a buy rating in a report issued on Thursday.

A number of other equities analysts have also recently commented on the company. BWS Financial reissued a buy rating and set a $30.00 target price on shares of ATN International in a report on Monday, April 29th. Raymond James reissued a strong-buy rating and set a $32.00 target price (down previously from $40.00) on shares of ATN International in a report on Friday, April 26th.

ATN International Stock Performance

Shares of ATNI stock opened at $26.07 on Thursday. The business’s 50 day moving average is $22.78 and its two-hundred day moving average is $28.40. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 0.83. ATN International has a 12-month low of $18.20 and a 12-month high of $39.88.

ATN International (NASDAQ:ATNI) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.76. ATN International had a positive return on equity of 0.12% and a negative net margin of 0.89%. The business had revenue of $183.28 million during the quarter, compared to analysts’ expectations of $182.39 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. On average, equities analysts expect that ATN International will post -0.68 earnings per share for the current fiscal year.

ATN International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Sunday, June 30th were issued a $0.24 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.96 annualized dividend and a dividend yield of 3.68%. ATN International’s dividend payout ratio is presently -73.85%.

Insider Activity at ATN International

In related news, Chairman Michael T. Prior purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $19.88 per share, with a total value of $198,800.00. Following the completion of the acquisition, the chairman now owns 523,026 shares in the company, valued at $10,397,756.88. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.54% of the company’s stock.

Institutional Investors Weigh In On ATN International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. increased its stake in ATN International by 1.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock worth $23,215,000 after acquiring an additional 10,000 shares during the last quarter. Keeley Teton Advisors LLC increased its stake in ATN International by 27.6% during the fourth quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock worth $751,000 after acquiring an additional 4,163 shares during the last quarter. BNP Paribas Financial Markets increased its stake in ATN International by 52.6% during 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 last quarter. Public Employees Retirement System of Ohio increased its stake in ATN International by 498.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock worth $76,000 after acquiring an additional 1,625 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in ATN International by 72.2% during the second quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock worth $76,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors and hedge funds 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.