ATN International (NASDAQ:ATNI) Share Price Crosses Above 200 Day Moving Average – What’s Next?

ATN International, Inc. (NASDAQ:ATNI)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.44 and traded as high as $25.99. ATN International shares last traded at $25.91, with a volume of 71,075 shares traded.

Analysts Set New Price Targets

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

ATN International Trading Up 5.1%

The company has a debt-to-equity ratio of 1.01, a current ratio of 1.26 and a quick ratio of 1.21. The stock has a market cap of $395.39 million, a P/E ratio of -27.86, a PEG ratio of 6.85 and a beta of 0.57. The firm’s fifty day moving average price is $22.35 and its two-hundred day moving average price is $18.44.

ATN International (NASDAQ:ATNI) last posted its earnings results on Thursday, November 6th. The technology company reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.24. The business had revenue of $183.17 million during the quarter, compared to analysts’ expectations of $182.40 million. ATN International had a positive return on equity of 0.13% and a negative net margin of 1.11%. As a group, equities research analysts forecast 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. Stockholders of record on Wednesday, December 31st were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Wednesday, December 31st. ATN International’s dividend payout ratio (DPR) is -118.28%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ATNI. Gabelli Funds LLC raised its stake in ATN International by 54.7% in the second quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company’s stock valued at $3,143,000 after purchasing an additional 68,407 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of ATN International by 5.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after buying an additional 35,394 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after buying an additional 27,714 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of ATN International by 17.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after buying an additional 10,253 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of ATN International during the 1st quarter worth $138,000. 65.50% of the stock is currently owned by institutional investors.

ATN International Company Profile

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.