ATN International (ATNI) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of ATN International (NASDAQ:ATNI) from a strong sell rating to a sell rating in a research note released on Saturday morning.

ATNI has been the topic of a number of other research reports. Sidoti raised 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 note on Monday, January 8th. ValuEngine lowered shares of ATN International from a hold rating to a sell rating in a research note on Friday, February 2nd. Finally, TheStreet raised shares of ATN International from a d+ rating to a c- rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $63.50.

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ATNI stock opened at $59.23 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 0.17. ATN International has a one year low of $49.50 and a one year high of $74.66. The firm has a market cap of $949.34, a P/E ratio of 26.92 and a beta of 0.49.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.87. ATN International had a net margin of 6.54% and a return on equity of 4.38%. The firm had revenue of $107.70 million for the quarter, compared to analyst estimates of $102.81 million. equities research analysts expect that ATN International will post -0.09 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Saturday, March 31st will be issued a $0.17 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.15%. ATN International’s dividend payout ratio (DPR) is presently 34.69%.

In other news, VP William F. Kreisher sold 8,264 shares of ATN International stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $60.17, for a total value of $497,244.88. Following the sale, the vice president now directly owns 38,458 shares in the company, valued at $2,314,017.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Leonard Q. Slap sold 1,396 shares of ATN International stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $62.00, for a total transaction of $86,552.00. Following the completion of the sale, the senior vice president now owns 26,572 shares in the company, valued at $1,647,464. The disclosure for this sale can be found here. Insiders sold 17,179 shares of company stock worth $1,031,563 over the last quarter. 32.70% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new stake in shares of ATN International in the fourth quarter valued at approximately $263,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of ATN International by 44.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,320 shares of the technology company’s stock valued at $281,000 after purchasing an additional 1,640 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of ATN International by 29.3% in the fourth quarter. SG Americas Securities LLC now owns 6,160 shares of the technology company’s stock valued at $340,000 after purchasing an additional 1,396 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of ATN International by 218.2% in the fourth quarter. Arizona State Retirement System now owns 18,304 shares of the technology company’s stock valued at $1,011,000 after purchasing an additional 12,551 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of ATN International by 7.9% in the fourth quarter. Rhumbline Advisers now owns 31,217 shares of the technology company’s stock valued at $1,725,000 after purchasing an additional 2,296 shares during the last quarter. Institutional investors own 62.47% of the company’s stock.

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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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