ATN International (NASDAQ:ATNI) Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of ATN International (NASDAQ:ATNI) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

A number of other brokerages have also recently commented on ATNI. Raymond James reaffirmed a strong-buy rating and issued a $32.00 price target (down from $40.00) on shares of ATN International in a research note on Friday, April 26th. BWS Financial reaffirmed a buy rating and issued a $30.00 price target on shares of ATN International in a research note on Friday, July 26th.

ATN International Price Performance

ATN International stock opened at $28.22 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.00 and a current ratio of 1.10. 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 $23.20 and its two-hundred day moving average is $28.01.

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

ATN International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Sunday, June 30th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.96 dividend on an annualized basis and a yield of 3.40%. ATN International’s payout ratio is -73.85%.

Institutional Trading of ATN International

A number of large investors have recently bought and sold shares of the business. Innealta Capital LLC bought a new stake in ATN International during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC grew its stake in shares of ATN International by 72.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock worth $76,000 after acquiring an additional 1,400 shares in the last quarter. BNP Paribas Financial Markets grew its stake 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 worth $180,000 after acquiring an additional 1,968 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of ATN International by 498.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock worth $76,000 after acquiring an additional 1,625 shares in the last quarter. Finally, Keeley Teton Advisors LLC grew its stake 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 worth $751,000 after acquiring an additional 4,163 shares in the last quarter. 65.50% of the stock is owned by institutional investors.

ATN International Company Profile

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.