ATN International Inc (ATNI) Receives $63.50 Average Price Target from Analysts

ATN International Inc (NASDAQ:ATNI) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $63.50.

A number of brokerages have recently issued reports on ATNI. TheStreet upgraded shares of ATN International from a “d+” rating to a “c-” rating in a research report on Monday, January 8th. BidaskClub downgraded shares of ATN International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Sidoti upgraded shares of ATN International from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Monday, January 8th.

Shares of ATN International (NASDAQ:ATNI) traded up $0.20 during midday trading on Monday, hitting $59.56. 11,486 shares of the stock were exchanged, compared to its average volume of 98,009. The firm has a market cap of $950.26, a P/E ratio of 35.96 and a beta of 0.61. ATN International has a 1 year low of $49.50 and a 1 year high of $82.59. The company has a quick ratio of 1.84, a current ratio of 1.93 and a debt-to-equity ratio of 0.19.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Monday, October 30th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.18. The firm had revenue of $122.13 million for the quarter, compared to the consensus estimate of $123.92 million. ATN International had a negative net margin of 1.93% and a positive return on equity of 3.34%. sell-side analysts expect that ATN International will post -0.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Sunday, December 31st were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. ATN International’s dividend payout ratio (DPR) is currently -111.47%.

In other news, insider Michael T. Prior sold 7,355 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $55.36, for a total value of $407,172.80. Following the transaction, the insider now owns 387,247 shares in the company, valued at approximately $21,437,993.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William F. Kreisher sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $54.61, for a total transaction of $109,220.00. Following the completion of the transaction, the vice president now owns 46,722 shares in the company, valued at approximately $2,551,488.42. The disclosure for this sale can be found here. Insiders sold a total of 13,534 shares of company stock worth $765,963 in the last 90 days. Corporate insiders own 32.70% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan increased its stake in shares of ATN International by 44.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,320 shares of the technology company’s stock valued at $281,000 after acquiring an additional 1,640 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of ATN International by 29.3% in the 4th quarter. SG Americas Securities LLC now owns 6,160 shares of the technology company’s stock valued at $340,000 after acquiring an additional 1,396 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of ATN International in the 3rd quarter valued at $453,000. Nationwide Fund Advisors increased its stake in shares of ATN International by 2.2% in the 2nd quarter. Nationwide Fund Advisors now owns 8,347 shares of the technology company’s stock valued at $571,000 after acquiring an additional 180 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of ATN International by 6.7% in the 2nd quarter. Teachers Advisors LLC now owns 18,605 shares of the technology company’s stock valued at $1,273,000 after acquiring an additional 1,171 shares in the last quarter. Institutional investors own 58.38% of the company’s stock.

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ATN International Company Profile

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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