Shares of ATN International Inc (NASDAQ:ATNI) have been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $66.25.
Several brokerages have recently commented on ATNI. ValuEngine raised ATN International from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. BidaskClub downgraded ATN International from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Zacks Investment Research raised ATN International from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a report on Tuesday, October 9th. Finally, Raymond James downgraded ATN International from an “outperform” rating to a “market perform” rating and set a $69.00 target price for the company. in a report on Friday, July 27th. They noted that the move was a valuation call.
Shares of NASDAQ ATNI traded up $2.38 during mid-day trading on Wednesday, hitting $86.02. 73,500 shares of the company traded hands, compared to its average volume of 73,998. ATN International has a 1 year low of $49.34 and a 1 year high of $87.63. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 39.46 and a beta of 0.27. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 0.11.
ATN International (NASDAQ:ATNI) last announced its earnings results on Wednesday, October 24th. The technology company reported $1.06 EPS for the quarter, beating the consensus estimate of ($0.07) by $1.13. ATN International had a return on equity of 3.68% and a net margin of 13.78%. The business had revenue of $121.14 million during the quarter, compared to the consensus estimate of $110.06 million. As a group, sell-side analysts expect that ATN International will post 0.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 8th. Stockholders of record on Sunday, September 30th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, September 27th. ATN International’s dividend payout ratio is 31.19%.
In related news, CFO Justin D. Benincasa sold 5,458 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $83.05, for a total transaction of $453,286.90. Following the transaction, the chief financial officer now directly owns 52,748 shares of the company’s stock, valued at $4,380,721.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael T. Prior sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $72.69, for a total value of $145,380.00. Following the transaction, the insider now directly owns 397,624 shares in the company, valued at $28,903,288.56. The disclosure for this sale can be found here. Corporate insiders own 32.80% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Advisor Partners LLC acquired a new position in ATN International during the third quarter valued at $268,000. SG Americas Securities LLC raised its position in ATN International by 2.3% during the third quarter. SG Americas Securities LLC now owns 32,268 shares of the technology company’s stock valued at $2,384,000 after buying an additional 719 shares during the period. Acadian Asset Management LLC acquired a new position in ATN International during the third quarter valued at $320,000. Strs Ohio raised its position in ATN International by 92.5% during the third quarter. Strs Ohio now owns 7,700 shares of the technology company’s stock valued at $568,000 after buying an additional 3,700 shares during the period. Finally, Eagle Boston Investment Management Inc. raised its position in ATN International by 62.7% during the second quarter. Eagle Boston Investment Management Inc. now owns 62,097 shares of the technology company’s stock valued at $3,276,000 after buying an additional 23,927 shares during the period. 65.97% of the stock is currently owned by hedge funds and other institutional investors.
ATN International Company Profile
ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda, and the Caribbean. It operates through U.S. Telecom, International Telecom, and Renewable Energy segments. The company offers wholesale wireless voice and data roaming services; wireline local telephone and data, video, and long-distance voice services; and facilities-based integrated voice and data communications, and wholesale transport services to enterprise and residential customers.
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