ATN International, Inc. (NASDAQ:ATNI) has been given an average recommendation of “Hold” by the six ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $57.00.
ATNI has been the topic of a number of analyst reports. TheStreet lowered shares of ATN International from a “c” rating to a “d+” rating in a research report on Tuesday, October 31st. BWS Financial reduced their target price on ATN International from $64.00 to $57.00 and set a “hold” rating for the company in a report on Monday, July 31st. Zacks Investment Research raised ATN International from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine raised ATN International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Sidoti downgraded ATN International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $73.00 to $57.00 in a report on Tuesday, October 3rd.
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A number of institutional investors have recently added to or reduced their stakes in ATNI. First Mercantile Trust Co. lifted its holdings in ATN International by 1.4% in the second quarter. First Mercantile Trust Co. now owns 1,456 shares of the technology company’s stock valued at $100,000 after acquiring an additional 20 shares during the period. Strs Ohio lifted its holdings in ATN International by 5.9% in the second quarter. Strs Ohio now owns 3,600 shares of the technology company’s stock valued at $246,000 after acquiring an additional 200 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of ATN International by 51.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,680 shares of the technology company’s stock worth $252,000 after buying an additional 1,250 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of ATN International by 157.2% during the 2nd quarter. SG Americas Securities LLC now owns 4,043 shares of the technology company’s stock worth $277,000 after buying an additional 2,471 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in shares of ATN International by 50.6% during the 1st quarter. OppenheimerFunds Inc. now owns 5,014 shares of the technology company’s stock worth $353,000 after buying an additional 1,684 shares during the last quarter. 59.28% of the stock is owned by institutional investors.
ATN International (NASDAQ ATNI) opened at $53.11 on Wednesday. ATN International has a 1 year low of $49.50 and a 1 year high of $87.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.84. The firm has a market cap of $832.06, a price-to-earnings ratio of 31.49 and a beta of 0.59.
ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Monday, October 30th. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.18. ATN International had a negative net margin of 1.93% and a positive return on equity of 3.34%. The firm had revenue of $122.13 million for the quarter, compared to analyst estimates of $123.92 million. equities analysts anticipate that ATN International will post -0.93 earnings per share for the current year.
About ATN International
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
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