ATN International (ATNI) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of ATN International (NASDAQ:ATNI) from a hold rating to a buy rating in a research note issued to investors on Friday, ValuEngine reports.

Several other research analysts have also recently commented on the stock. Raymond James upgraded shares of ATN International from a market perform rating to an outperform rating and set a $67.00 target price for the company in a research report on Friday, February 22nd. BidaskClub cut shares of ATN International from a hold rating to a sell rating in a research report on Wednesday, January 30th. Finally, Maxim Group upgraded shares of ATN International from a hold rating to a buy rating and set a $73.00 target price for the company in a research report on Friday, February 22nd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $73.67.

NASDAQ ATNI opened at $60.91 on Friday. ATN International has a 52 week low of $49.34 and a 52 week high of $88.78. The company has a quick ratio of 1.92, a current ratio of 1.85 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $974.20 million, a price-to-earnings ratio of 47.22 and a beta of 0.40.



ATN International (NASDAQ:ATNI) last posted its earnings results on Wednesday, April 24th. The technology company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.06. ATN International had a net margin of 5.29% and a return on equity of 2.92%. The firm had revenue of $103.30 million during the quarter, compared to analysts’ expectations of $108.14 million. As a group, equities analysts expect that ATN International will post -0.11 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of ATN International by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 320,376 shares of the technology company’s stock valued at $23,669,000 after acquiring an additional 12,982 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in shares of ATN International by 55.9% in the first quarter. Global Alpha Capital Management Ltd. now owns 211,054 shares of the technology company’s stock valued at $11,901,000 after acquiring an additional 75,700 shares in the last quarter. Norges Bank bought a new position in shares of ATN International in the fourth quarter valued at approximately $14,015,000. Geode Capital Management LLC boosted its holdings in shares of ATN International by 9.1% in the fourth quarter. Geode Capital Management LLC now owns 130,524 shares of the technology company’s stock valued at $9,336,000 after acquiring an additional 10,843 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of ATN International by 79.3% in the first quarter. Acadian Asset Management LLC now owns 76,579 shares of the technology company’s stock valued at $4,316,000 after acquiring an additional 33,861 shares in the last quarter. Hedge funds and other institutional investors own 63.75% of the company’s stock.

ATN International Company Profile

ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, India, Bermuda, and the Caribbean. It operates through three segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers wireless and wireline services; wholesale wireless voice and data roaming services to wireless carriers principally in the Southwest and Midwest the United States; and retail wireless, wireline, and wholesale long-distance voice services to telecommunications carriers.

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