ATN International (ATNI) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of ATN International (NASDAQ:ATNI) from a d+ rating to a c- rating in a report issued on Monday morning.

ATNI has been the subject of a number of other research reports. Sidoti downgraded ATN International from a buy rating to a neutral rating and decreased their target price for the stock from $73.00 to $57.00 in a report on Tuesday, October 3rd. BidaskClub downgraded ATN International from a hold rating to a sell rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research raised ATN International from a sell rating to a hold rating in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. ATN International has a consensus rating of Hold and a consensus price target of $63.50.

ATN International (NASDAQ:ATNI) traded up $1.47 during trading on Monday, hitting $60.37. The company had a trading volume of 87,195 shares, compared to its average volume of 124,887. 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. The firm has a market capitalization of $981.82, a P/E ratio of -95.83 and a beta of 0.61.

ATN International (NASDAQ:ATNI) last released its earnings results on Monday, October 30th. The technology company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.18. ATN International had a positive return on equity of 3.34% and a negative net margin of 1.93%. The firm had revenue of $122.13 million during the quarter, compared to the consensus estimate of $123.92 million. analysts expect 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. Investors of record on Sunday, December 31st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, December 28th. ATN International’s dividend payout ratio (DPR) is -107.94%.

In other ATN International news, insider Michael T. Prior sold 7,355 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $55.36, for a total value of $407,172.80. Following the completion of the transaction, the insider now directly owns 387,247 shares of the company’s stock, valued at $21,437,993.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Justin D. Benincasa sold 4,179 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $59.72, for a total value of $249,569.88. Following the completion of the transaction, the chief financial officer now directly owns 59,526 shares of the company’s stock, valued at $3,554,892.72. The disclosure for this sale can be found here. Insiders have sold 13,534 shares of company stock valued at $765,963 in the last ninety days. Corporate insiders own 32.70% of the company’s stock.

A number of large investors have recently made changes to their positions in ATNI. SG Americas Securities LLC lifted its holdings in ATN International by 157.2% in the second quarter. SG Americas Securities LLC now owns 4,043 shares of the technology company’s stock valued at $277,000 after acquiring an additional 2,471 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in ATN International by 44.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,320 shares of the technology company’s stock valued at $281,000 after acquiring an additional 1,640 shares during the period. Alps Advisors Inc. acquired a new position in ATN International in the third quarter valued at approximately $453,000. Nationwide Fund Advisors lifted its holdings in ATN International by 2.2% in the second quarter. Nationwide Fund Advisors now owns 8,347 shares of the technology company’s stock valued at $571,000 after acquiring an additional 180 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in ATN International by 6.7% in the second quarter. Teachers Advisors LLC now owns 18,605 shares of the technology company’s stock valued at $1,273,000 after acquiring an additional 1,171 shares during the period. 58.37% of the stock is owned by institutional investors.

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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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