ATN International (NASDAQ:ATNI) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of ATN International (NASDAQ:ATNI) from a hold rating to a buy rating in a research report released on Saturday.

ATNI has been the subject of a number of other research reports. Zacks Research downgraded shares of ATN International from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

ATN International Stock Up 4.4%

Shares of ATN International stock opened at $31.97 on Friday. ATN International has a one year low of $13.86 and a one year high of $32.28. The company has a market cap of $491.70 million, a P/E ratio of 3.11, a PEG ratio of 5.33 and a beta of 0.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.16 and a current ratio of 1.63. The firm has a fifty day moving average of $25.50 and a two-hundred day moving average of $26.28.

ATN International (NASDAQ:ATNI) last issued its earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.30). ATN International had a net margin of 22.55% and a negative return on equity of 9.46%. The firm had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. On average, analysts forecast that ATN International will post 0.78 earnings per share for the current year.

ATN International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were issued a $0.29 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from ATN International’s previous quarterly dividend of $0.28. ATN International’s payout ratio is 11.28%.

Insider Activity at ATN International

In related news, major shareholder Cornelius B. Prior, Jr. sold 5,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $27.65, for a total transaction of $138,250.00. Following the sale, the insider owned 81,436 shares of the company’s stock, valued at approximately $2,251,705.40. The trade was a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 81,564 shares of company stock valued at $2,277,271 in the last ninety days. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On ATN International

A number of hedge funds and other institutional investors have recently modified their holdings of ATNI. Strs Ohio purchased a new stake in shares of ATN International during the 1st quarter worth approximately $138,000. Meeder Asset Management Inc. acquired a new position in ATN International during the second quarter worth $217,000. Deutsche Bank AG acquired a new position in ATN International during the second quarter worth $262,000. Segall Bryant & Hamill LLC purchased a new stake in ATN International during the fourth quarter worth $448,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in ATN International during the fourth quarter worth $479,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

ATN International Company Profile

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.