ATN International Inc (NASDAQ:ATNI) has received a consensus rating of “Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $71.50.
ATNI has been the subject of a number of recent research reports. Raymond James reiterated a “buy” rating and issued a $67.00 target price on shares of ATN International in a report on Friday, October 25th. BWS Financial increased their price target on ATN International from $65.00 to $85.00 and gave the company a “buy” rating in a report on Friday, October 25th. BidaskClub downgraded ATN International from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 16th. TheStreet lowered shares of ATN International from a “c” rating to a “d+” rating in a research note on Wednesday, October 23rd. Finally, National Securities initiated coverage on shares of ATN International in a research note on Wednesday, October 16th. They set a “buy” rating for the company.
Shares of NASDAQ:ATNI traded up $0.54 during trading on Wednesday, reaching $56.44. The company’s stock had a trading volume of 43,794 shares, compared to its average volume of 58,413. The stock has a market capitalization of $902.93 million, a PE ratio of 43.75 and a beta of 0.30. ATN International has a 12 month low of $50.48 and a 12 month high of $80.78. The company has a current ratio of 1.83, a quick ratio of 1.79 and a debt-to-equity ratio of 0.18. The firm’s 50 day simple moving average is $57.00 and its two-hundred day simple moving average is $57.81.
ATN International (NASDAQ:ATNI) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.08. The company had revenue of $115.62 million for the quarter, compared to analysts’ expectations of $115.49 million. ATN International had a return on equity of 0.02% and a net margin of 0.02%. Research analysts anticipate that ATN International will post -0.14 EPS for the current fiscal year.
In related news, VP William F. Kreisher sold 2,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $61.00, for a total transaction of $122,000.00. Following the completion of the transaction, the vice president now owns 57,242 shares in the company, valued at approximately $3,491,762. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael T. Prior sold 3,333 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.78, for a total value of $195,913.74. Following the transaction, the chief executive officer now owns 431,431 shares of the company’s stock, valued at approximately $25,359,514.18. The disclosure for this sale can be found here. Insiders have sold a total of 7,333 shares of company stock worth $440,274 over the last quarter. 4.34% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. purchased a new stake in shares of ATN International during the first quarter valued at $55,000. Sun Life Financial INC increased its position in shares of ATN International by 144.0% during the second quarter. Sun Life Financial INC now owns 2,450 shares of the technology company’s stock worth $141,000 after acquiring an additional 1,446 shares during the period. Portland Global Advisors LLC purchased a new position in shares of ATN International during the second quarter worth approximately $226,000. Municipal Employees Retirement System of Michigan raised its stake in shares of ATN International by 50.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,770 shares of the technology company’s stock valued at $275,000 after acquiring an additional 1,590 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of ATN International by 92.2% during the second quarter. Russell Investments Group Ltd. now owns 12,973 shares of the technology company’s stock valued at $746,000 after acquiring an additional 6,225 shares in the last quarter. Institutional investors and hedge funds own 63.73% of the company’s stock.
ATN International Company Profile
ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, India, Bermuda, and the Caribbean. It operates through three segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers wireless and wireline services; wholesale wireless voice and data roaming services to wireless carriers principally in the Southwest and Midwest the United States; and retail wireless, wireline, and wholesale long-distance voice services to telecommunications carriers.
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