ATN International Inc (ATNI) Given Average Recommendation of “Hold” by Analysts

ATN International Inc (NASDAQ:ATNI) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $63.50.

Several research analysts have issued reports on ATNI shares. TheStreet cut ATN International from a “c” rating to a “d+” rating in a research report on Tuesday, October 31st. BidaskClub cut ATN International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Sidoti raised ATN International from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Monday, January 8th.

In other news, VP William F. Kreisher sold 2,000 shares of ATN International stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $54.61, for a total transaction of $109,220.00. Following the transaction, the vice president now directly owns 46,722 shares of the company’s stock, valued at approximately $2,551,488.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Justin D. Benincasa sold 4,179 shares of ATN International stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $59.72, for a total value of $249,569.88. Following the transaction, the chief financial officer now directly owns 59,526 shares in the company, valued at $3,554,892.72. The disclosure for this sale can be found here. Insiders sold 13,534 shares of company stock worth $765,963 over the last three months. Insiders own 32.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of ATNI. Municipal Employees Retirement System of Michigan lifted its position in shares of ATN International by 44.6% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,320 shares of the technology company’s stock valued at $281,000 after buying an additional 1,640 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of ATN International by 29.3% during the 4th quarter. SG Americas Securities LLC now owns 6,160 shares of the technology company’s stock valued at $340,000 after buying an additional 1,396 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of ATN International during the 3rd quarter valued at about $453,000. Nationwide Fund Advisors lifted its position in shares of ATN International by 2.2% during the 2nd quarter. Nationwide Fund Advisors now owns 8,347 shares of the technology company’s stock valued at $571,000 after buying an additional 180 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of ATN International by 6.7% during the 2nd quarter. Teachers Advisors LLC now owns 18,605 shares of the technology company’s stock valued at $1,273,000 after buying an additional 1,171 shares in the last quarter. 58.32% of the stock is currently owned by hedge funds and other institutional investors.

ATN International (NASDAQ ATNI) opened at $59.93 on Monday. The stock has a market capitalization of $959.39, a PE ratio of -95.13 and a beta of 0.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.84. ATN International has a 12-month low of $49.50 and a 12-month high of $82.59.

ATN International (NASDAQ:ATNI) last announced its earnings results on Monday, October 30th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.18. The business had revenue of $122.13 million for the quarter, compared to analysts’ expectations of $123.92 million. ATN International had a positive return on equity of 3.34% and a negative net margin of 1.93%. equities analysts anticipate that ATN International will post -0.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Sunday, December 31st were given a $0.17 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.68 annualized dividend and a yield of 1.13%. ATN International’s payout ratio is -107.94%.

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About ATN International

ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.

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