Analysts Set ATN International Inc (ATNI) PT at $63.50

ATN International Inc (NASDAQ:ATNI) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $63.50.

ATNI has been the topic of a number of research reports. Sidoti upgraded 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. TheStreet upgraded ATN International from a “d+” rating to a “c-” rating in a research note on Monday, January 8th. ValuEngine downgraded ATN International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, BidaskClub downgraded ATN International from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 10th.

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ATNI stock opened at $66.22 on Friday. The firm has a market capitalization of $1,020.51, a PE ratio of 30.38 and a beta of 0.48. ATN International has a 1 year low of $49.50 and a 1 year high of $73.99. The company has a current ratio of 2.12, a quick ratio of 2.03 and a debt-to-equity ratio of 0.17.

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

The company also recently declared a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Saturday, March 31st were paid a $0.17 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.03%. ATN International’s dividend payout ratio (DPR) is currently 31.19%.

In related news, VP William F. Kreisher sold 8,264 shares of ATN International stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $60.17, for a total transaction of $497,244.88. Following the transaction, the vice president now directly owns 38,458 shares in the company, valued at $2,314,017.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Justin D. Benincasa sold 6,106 shares of ATN International stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $59.01, for a total value of $360,315.06. Following the transaction, the chief financial officer now owns 57,396 shares in the company, valued at $3,386,937.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,179 shares of company stock worth $1,031,563. Company insiders own 32.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its holdings in ATN International by 29.3% during the fourth 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 during the period. Municipal Employees Retirement System of Michigan raised its holdings in ATN International by 35.5% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 7,210 shares of the technology company’s stock valued at $398,000 after acquiring an additional 1,890 shares during the period. Rhumbline Advisers raised its holdings in ATN International by 7.9% during the fourth quarter. Rhumbline Advisers now owns 31,217 shares of the technology company’s stock valued at $1,725,000 after acquiring an additional 2,296 shares during the period. Ameriprise Financial Inc. raised its holdings in ATN International by 5.7% during the third quarter. Ameriprise Financial Inc. now owns 82,729 shares of the technology company’s stock valued at $4,360,000 after acquiring an additional 4,461 shares during the period. Finally, MetLife Investment Advisors LLC bought a new stake in ATN International during the fourth quarter valued at about $263,000. Institutional investors own 62.47% 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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