ATN International (NASDAQ:ATNI) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of ATN International (NASDAQ:ATNI – Free Report) from a hold rating to a buy rating in a research report released on Sunday.

Separately, Raymond James dropped their price target on shares of ATN International from $46.00 to $43.00 and set an outperform rating for the company in a research note on Friday, July 28th.

Check Out Our Latest Analysis on ATNI

ATN International Price Performance

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Shares of NASDAQ:ATNI opened at $31.13 on Friday. The company has a market cap of $485.63 million, a price-to-earnings ratio of -34.59 and a beta of 0.35. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.03 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $35.29 and a 200 day simple moving average of $37.11. ATN International has a one year low of $30.68 and a one year high of $50.27.

ATN International (NASDAQ:ATNI – Get Free Report) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.13. The business had revenue of $186.44 million during the quarter, compared to the consensus estimate of $189.83 million. ATN International had a negative net margin of 1.24% and a negative return on equity of 1.05%. Research analysts predict that ATN International will post -0.57 earnings per share for the current fiscal year.

ATN International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, September 28th. ATN International’s payout ratio is currently -93.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SNC raised its position in shares of ATN International by 60.8% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,061 shares of the technology company’s stock worth $234,000 after acquiring an additional 2,292 shares in the last quarter. Keeley Teton Advisors LLC bought a new stake in ATN International in the first quarter worth approximately $247,000. MetLife Investment Management LLC lifted its stake in ATN International by 39.7% in the first quarter. MetLife Investment Management LLC now owns 6,641 shares of the technology company’s stock valued at $265,000 after buying an additional 1,887 shares during the period. Credit Suisse AG lifted its stake in ATN International by 33.6% in the fourth quarter. Credit Suisse AG now owns 10,205 shares of the technology company’s stock valued at $462,000 after buying an additional 2,568 shares during the period. Finally, Rhumbline Advisers grew its position in shares of ATN International by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 32,673 shares of the technology company’s stock worth $1,533,000 after buying an additional 935 shares during the period. Institutional investors and hedge funds own 66.01% of the company’s stock.

ATN International Company Profile

(Get Free Report)

ATN International, Inc, through its subsidiaries, provides telecommunications services to retail and business customers worldwide. The company operates through International Telecom and US Telecom segments. It offers mobile, data, and voice services; handsets and accessories; high-speed broadband, voice, video, and fixed services, as well as fiber broadband and managed IT services; wholesale roaming, site maintenance, and international long-distance services, as well as leases critical network infrastructure, including towers and transport facilities; and information technology services, such as network, application, infrastructure, and hosting services.