ATN International (NASDAQ:ATNI) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of ATN International (NASDAQ:ATNI) from a hold rating to a buy rating in a research note published on Thursday morning.

Separately, BWS Financial reaffirmed a buy rating and set a $30.00 price objective on shares of ATN International in a research note on Friday, July 26th.

ATN International Stock Performance

ATN International stock opened at $27.56 on Thursday. The company has a market cap of $422.14 million, a PE ratio of -21.20, a PEG ratio of 29.73 and a beta of 0.56. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83. ATN International has a 1 year low of $18.20 and a 1 year high of $39.88. The company’s 50-day moving average is $25.05 and its two-hundred day moving average is $26.14.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.76. ATN International had a negative net margin of 0.89% and a positive return on equity of 0.12%. The business had revenue of $183.28 million for the quarter, compared to analyst estimates of $182.39 million. During the same period in the prior year, the business posted ($0.03) earnings per share. Equities analysts anticipate that ATN International will post 0.09 earnings per share for the current year.

ATN International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Sunday, June 30th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Friday, June 28th. ATN International’s dividend payout ratio is currently -73.85%.

Institutional Investors Weigh In On ATN International

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of ATN International by 64.3% in the 1st quarter. GAMMA Investing LLC now owns 1,940 shares of the technology company’s stock valued at $61,000 after buying an additional 759 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of ATN International by 1.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock worth $23,215,000 after acquiring an additional 10,000 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of ATN International during the second quarter worth about $26,000. BNP Paribas Financial Markets lifted its holdings in shares of ATN International by 52.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock valued at $180,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Keeley Teton Advisors LLC lifted its holdings in shares of ATN International by 27.6% during the 4th quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock valued at $751,000 after purchasing an additional 4,163 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.