StockNews.com Lowers ATN International (NASDAQ:ATNI) to Hold

StockNews.com downgraded shares of ATN International (NASDAQ:ATNI) from a buy rating to a hold rating in a report issued on Friday.

ATNI has been the topic of several other research reports. Raymond James reaffirmed a strong-buy rating and issued a $32.00 price target (down previously from $40.00) on shares of ATN International in a report on Friday, April 26th. BWS Financial reiterated a buy rating and issued a $30.00 target price on shares of ATN International in a research report on Friday, July 26th.

ATN International Trading Down 8.2 %

Shares of ATNI stock opened at $25.90 on Friday. The company’s fifty day simple moving average is $23.25 and its two-hundred day simple moving average is $27.82. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.10 and a quick ratio of 1.00. ATN International has a 1 year low of $18.20 and a 1 year high of $39.88. The stock has a market capitalization of $396.71 million, a price-to-earnings ratio of -19.92, a PEG ratio of 31.66 and a beta of 0.56.

ATN International (NASDAQ:ATNI) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.76. The business had revenue of $183.28 million for the quarter, compared to analysts’ expectations of $182.39 million. ATN International had a negative net margin of 0.89% and a positive return on equity of 0.12%. During the same quarter in the previous year, the firm posted ($0.03) EPS. As a group, analysts anticipate that ATN International will post 0.09 earnings per share for the current year.

ATN International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Sunday, June 30th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, June 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.71%. ATN International’s dividend payout ratio is currently -73.85%.

Institutional Trading of ATN International

Institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its holdings in shares of ATN International by 1.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock valued at $23,215,000 after buying an additional 10,000 shares during the last quarter. Keeley Teton Advisors LLC boosted its stake in shares of ATN International by 27.6% during the 4th quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock worth $751,000 after acquiring an additional 4,163 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of ATN International by 52.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock worth $180,000 after acquiring an additional 1,968 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of ATN International by 498.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock valued at $76,000 after purchasing an additional 1,625 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of ATN International by 72.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock valued at $76,000 after purchasing an additional 1,400 shares during the period. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.