ATN International Inc (ATNI) Receives Average Rating of “Buy” from Analysts

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ATN International Inc (NASDAQ:ATNI) has earned a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $66.25.

A number of analysts have issued reports on the stock. ValuEngine upgraded shares of ATN International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. BidaskClub upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Zacks Investment Research upgraded shares of ATN International from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Tuesday, October 9th. Finally, Raymond James downgraded shares of ATN International from an “outperform” rating to a “market perform” rating and set a $69.00 price target on the stock. in a report on Friday, July 27th. They noted that the move was a valuation call.

In other news, insider Michael T. Prior sold 5,000 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $64.83, for a total value of $324,150.00. Following the sale, the insider now directly owns 398,624 shares in the company, valued at approximately $25,842,793.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael T. Prior sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $72.69, for a total transaction of $145,380.00. Following the completion of the sale, the insider now owns 397,624 shares in the company, valued at $28,903,288.56. The disclosure for this sale can be found here. Insiders own 32.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of ATNI. Acadian Asset Management LLC bought a new position in ATN International during the 3rd quarter worth $320,000. Strs Ohio increased its stake in ATN International by 92.5% during the 3rd quarter. Strs Ohio now owns 7,700 shares of the technology company’s stock worth $568,000 after acquiring an additional 3,700 shares during the period. Eagle Boston Investment Management Inc. increased its stake in ATN International by 62.7% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 62,097 shares of the technology company’s stock worth $3,276,000 after acquiring an additional 23,927 shares during the period. SG Americas Securities LLC increased its stake in ATN International by 10.9% during the 2nd quarter. SG Americas Securities LLC now owns 31,549 shares of the technology company’s stock worth $1,665,000 after acquiring an additional 3,090 shares during the period. Finally, Alps Advisors Inc. bought a new position in ATN International during the 2nd quarter worth $475,000. Hedge funds and other institutional investors own 65.94% of the company’s stock.

Shares of NASDAQ ATNI opened at $86.20 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.63 and a current ratio of 1.62. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 39.54 and a beta of 0.58. ATN International has a 52-week low of $49.34 and a 52-week high of $87.63.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $1.13. The company had revenue of $121.14 million for the quarter, compared to the consensus estimate of $110.06 million. ATN International had a net margin of 13.78% and a return on equity of 3.68%. On average, equities analysts forecast that ATN International will post -0.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 8th. Shareholders of record on Sunday, September 30th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.79%. ATN International’s dividend payout ratio is currently 31.19%.

About ATN International

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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