ATN International (NASDAQ:ATNI) Upgraded at StockNews.com

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

Separately, Raymond James set a $22.00 price objective on ATN International in a research note on Thursday, March 6th.

ATN International Stock Up 1.7%

ATNI opened at $14.69 on Tuesday. The business has a 50 day moving average price of $18.54 and a two-hundred day moving average price of $18.17. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The company has a market cap of $223.54 million, a PE ratio of -5.40 and a beta of 0.69. ATN International has a 52 week low of $14.09 and a 52 week high of $33.72.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.47). The company had revenue of $179.29 million for the quarter, compared to analysts’ expectations of $178.67 million. ATN International had a negative net margin of 4.79% and a positive return on equity of 0.52%. As a group, research analysts anticipate that ATN International will post -0.73 EPS for the current year.

ATN International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 6.54%. ATN International’s dividend payout ratio is currently -41.56%.

Institutional Trading of ATN International

Several hedge funds have recently modified their holdings of ATNI. Gabelli Funds LLC acquired a new stake in shares of ATN International in the 4th quarter valued at approximately $2,367,000. Gamco Investors INC. ET AL lifted its holdings in shares of ATN International by 389.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 65,250 shares of the technology company’s stock valued at $1,097,000 after buying an additional 51,907 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of ATN International in the 1st quarter valued at approximately $632,000. Bank of New York Mellon Corp lifted its holdings in shares of ATN International by 26.0% in the 4th quarter. Bank of New York Mellon Corp now owns 124,865 shares of the technology company’s stock valued at $2,099,000 after buying an additional 25,727 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of ATN International by 1,865.2% in the 1st quarter. GAMMA Investing LLC now owns 23,661 shares of the technology company’s stock valued at $481,000 after buying an additional 22,457 shares during the period. 65.50% of the stock is owned by institutional investors and hedge funds.

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.