ATN International (NASDAQ:ATNI) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of ATN International (NASDAQ:ATNI) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other brokerages have also recently weighed in on ATNI. Weiss Ratings reissued a “hold (c-)” rating on shares of ATN International in a report on Friday. Wall Street Zen raised shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

ATN International Stock Performance

ATNI stock opened at $31.29 on Monday. The stock’s 50 day simple moving average is $25.63 and its 200 day simple moving average is $26.43. ATN International has a 12-month low of $13.86 and a 12-month high of $33.41. The firm has a market cap of $481.24 million, a P/E ratio of 3.04, a P/E/G ratio of 4.12 and a beta of 0.56. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.68.

ATN International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th were issued a $0.29 dividend. This is a positive change from ATN International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.7%. ATN International’s dividend payout ratio (DPR) is 11.28%.

Insider Activity

In related news, major shareholder Cornelius B. Prior, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $29.74, for a total transaction of $208,180.00. Following the completion of the transaction, the insider owned 74,436 shares in the company, valued at $2,213,726.64. The trade was a 8.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 84,064 shares of company stock valued at $2,364,786. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On ATN International

A number of hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in shares of ATN International during the first quarter valued at $138,000. Meeder Asset Management Inc. bought a new position in shares of ATN International during the second quarter worth about $217,000. Deutsche Bank AG acquired a new stake in shares of ATN International in the 2nd quarter worth about $262,000. Segall Bryant & Hamill LLC acquired a new stake in shares of ATN International in the 4th quarter worth about $448,000. Finally, Hillsdale Investment Management Inc. bought a new stake in ATN International in the 4th quarter valued at about $479,000. 65.50% of the stock is currently owned by institutional investors.

About ATN International

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.