ATN International (ATNI) – Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of ATN International (NASDAQ: ATNI) recently:

  • 10/17/2019 – ATN International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “ATN International, Inc. invests, own and operate communications companies and renewable energy assets. The company through its operating subsidiaries provide wireless and wireline connectivity to residential and business customers including mobile wireless solutions, local exchange services and broadband internet services; distributed solar electric power to corporate, utility and municipal customers and owner and operator of terrestrial and submarine fiber optic transport systems primarily in the United States and the Caribbean. ATN International Inc., formerly known as Atlantic Tele-Network, Inc., is based in Beverly, United States. “
  • 10/16/2019 – ATN International was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/16/2019 – ATN International is now covered by analysts at National Securities. They set a “buy” rating on the stock.
  • 10/8/2019 – ATN International was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “ATN International, Inc. invests, own and operate communications companies and renewable energy assets. The company through its operating subsidiaries provide wireless and wireline connectivity to residential and business customers including mobile wireless solutions, local exchange services and broadband internet services; distributed solar electric power to corporate, utility and municipal customers and owner and operator of terrestrial and submarine fiber optic transport systems primarily in the United States and the Caribbean. ATN International Inc., formerly known as Atlantic Tele-Network, Inc., is based in Beverly, United States. “
  • 9/25/2019 – ATN International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $68.00 price target on the stock. According to Zacks, “ATN International, Inc. invests, own and operate communications companies and renewable energy assets. The company through its operating subsidiaries provide wireless and wireline connectivity to residential and business customers including mobile wireless solutions, local exchange services and broadband internet services; distributed solar electric power to corporate, utility and municipal customers and owner and operator of terrestrial and submarine fiber optic transport systems primarily in the United States and the Caribbean. ATN International Inc., formerly known as Atlantic Tele-Network, Inc., is based in Beverly, United States. “
  • 9/4/2019 – ATN International was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/31/2019 – ATN International was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/26/2019 – ATN International was upgraded by analysts at BWS Financial from a “sell” rating to a “buy” rating.
  • 8/24/2019 – ATN International was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of ATNI opened at $57.15 on Monday. ATN International Inc has a 52-week low of $50.48 and a 52-week high of $88.78. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average is $58.20 and its two-hundred day moving average is $58.53. The stock has a market cap of $912.91 million, a PE ratio of 44.30 and a beta of 0.37.

ATN International (NASDAQ:ATNI) last announced its earnings results on Wednesday, July 24th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.06. ATN International had a net margin of 3.57% and a return on equity of 1.92%. The company had revenue of $107.72 million for the quarter, compared to analysts’ expectations of $106.51 million. As a group, research analysts anticipate that ATN International Inc will post -0.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.68 annualized dividend and a yield of 1.19%. ATN International’s dividend payout ratio (DPR) is presently 52.71%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. purchased a new position in shares of ATN International during the 1st quarter worth $55,000. Sun Life Financial INC raised its holdings in shares of ATN International by 144.0% during the 2nd 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 2nd quarter worth $226,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of ATN International by 50.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,770 shares of the technology company’s stock worth $275,000 after acquiring an additional 1,590 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of ATN International by 92.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,973 shares of the technology company’s stock worth $746,000 after acquiring an additional 6,225 shares during the period. 63.90% of the stock is currently owned by institutional investors.

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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