ATN International (ATNI) Raised to Buy at ValuEngine

ValuEngine upgraded shares of ATN International (NASDAQ:ATNI) from a hold rating to a buy rating in a report issued on Friday, May 10th, ValuEngine reports.

Several other analysts also recently issued reports on ATNI. BidaskClub downgraded shares of ATN International from a hold rating to a sell rating in a report on Wednesday, January 30th. Maxim Group reissued a hold rating on shares of ATN International in a report on Thursday, February 21st. Finally, Raymond James raised shares of ATN International from a market perform rating to an outperform rating and set a $67.00 price target for the company in a report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $73.67.

Shares of ATNI traded down $0.99 during mid-day trading on Friday, hitting $60.10. 21,775 shares of the company’s stock were exchanged, compared to its average volume of 57,012. ATN International has a twelve month low of $49.34 and a twelve month high of $88.78. The firm has a market cap of $995.61 million, a price-to-earnings ratio of 46.59 and a beta of 0.40. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.18.

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

In other news, CFO Justin D. Benincasa sold 1,250 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $60.96, for a total transaction of $76,200.00. Following the completion of the transaction, the chief financial officer now directly owns 56,876 shares of the company’s stock, valued at approximately $3,467,160.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.34% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of ATN International by 5.9% during the 1st quarter. Geode Capital Management LLC now owns 138,227 shares of the technology company’s stock worth $7,794,000 after purchasing an additional 7,703 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of ATN International during the 1st quarter worth about $55,000. Acadian Asset Management LLC increased its position in ATN International by 79.3% in the 1st 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. Parametric Portfolio Associates LLC increased its position in ATN International by 12.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 50,275 shares of the technology company’s stock valued at $2,835,000 after acquiring an additional 5,543 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. increased its position in ATN International by 55.9% in the 1st 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. 63.53% of the stock is owned by institutional investors.

About ATN International

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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