ATN International (NASDAQ:ATNI) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of ATN International, Inc. (NASDAQ:ATNI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.18 and traded as high as $23.22. ATN International shares last traded at $22.60, with a volume of 58,607 shares traded.

Analyst Upgrades and Downgrades

ATNI has been the topic of a number of research reports. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research upgraded shares of ATN International from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings raised shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ATN International currently has a consensus rating of “Hold” and a consensus target price of $22.00.

ATN International Stock Down 0.8%

The firm has a market cap of $344.88 million, a price-to-earnings ratio of -24.30, a PEG ratio of 6.33 and a beta of 0.56. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.21 and a current ratio of 1.26. The business’s 50-day moving average is $21.87 and its 200-day moving average is $18.18.

ATN International (NASDAQ:ATNI) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.24. The firm had revenue of $183.17 million for the quarter, compared to analyst estimates of $182.40 million. ATN International had a negative net margin of 1.11% and a positive return on equity of 0.13%. On average, equities analysts predict that ATN International, Inc. will post -0.73 EPS for the current year.

ATN International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 31st were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.10 dividend on an annualized basis and a yield of 4.9%. ATN International’s dividend payout ratio is -118.28%.

Hedge Funds Weigh In On ATN International

Institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. grew its holdings in shares of ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after purchasing an additional 35,394 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in ATN International by 9.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock worth $1,152,000 after buying an additional 6,715 shares in the last quarter. Ameriprise Financial Inc. lifted its position in ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after buying an additional 2,397 shares in the last quarter. Gabelli Funds LLC grew its holdings in ATN International by 54.7% during the 2nd quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company’s stock worth $3,143,000 after acquiring an additional 68,407 shares during the last quarter. Finally, Marshall Wace LLP increased its position in ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after acquiring an additional 27,714 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

About ATN International

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.