Atlantic Tele-Network, Inc. (NASDAQ:ATNI) has received an average recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $57.50.
ATNI has been the topic of several research analyst reports. BidaskClub cut shares of Atlantic Tele-Network from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 14th. ValuEngine cut shares of Atlantic Tele-Network from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. BWS Financial cut shares of Atlantic Tele-Network from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $57.00 to $45.00 in a research report on Friday, April 27th. Finally, Zacks Investment Research cut shares of Atlantic Tele-Network from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd.
In other Atlantic Tele-Network news, SVP Leonard Q. Slap sold 1,413 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $61.89, for a total transaction of $87,450.57. Following the transaction, the senior vice president now directly owns 27,968 shares in the company, valued at $1,730,939.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mary Mabey sold 1,255 shares of the stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $65.00, for a total transaction of $81,575.00. Following the transaction, the senior vice president now owns 6,024 shares in the company, valued at $391,560. The disclosure for this sale can be found here. Insiders have sold 18,434 shares of company stock worth $1,113,138 over the last quarter. Company insiders own 32.70% of the company’s stock.
ATNI stock opened at $51.98 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 2.03 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $845.39 million, a P/E ratio of 23.84 and a beta of 0.49. Atlantic Tele-Network has a 1-year low of $49.50 and a 1-year high of $71.25.
Atlantic Tele-Network (NASDAQ:ATNI) last posted its quarterly earnings data on Wednesday, April 25th. The technology company reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.25). The company had revenue of $104.48 million during the quarter, compared to the consensus estimate of $106.52 million. Atlantic Tele-Network had a return on equity of 2.91% and a net margin of 4.17%. sell-side analysts predict that Atlantic Tele-Network will post -0.66 earnings per share for the current year.
About Atlantic Tele-Network
ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda, and the Caribbean. It operates through U.S. Telecom, International Telecom, and Renewable Energy segments. The company offers wholesale wireless voice and data roaming services; wireline local telephone and data, video, and long-distance voice services; and facilities-based integrated voice and data communications, and wholesale transport services to enterprise and residential customers.
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