ATN International (NASDAQ:ATNI) had its target price upped by Sidoti from $62.00 to $64.00 in a research report released on Thursday, Analyst Ratings Network reports. Sidoti currently has a buy rating on the technology company’s stock.
ATNI has been the subject of several other research reports. National Securities raised ATN International from a neutral rating to a buy rating and set a $60.00 price target for the company in a research report on Thursday, September 24th. BidaskClub downgraded ATN International from a sell rating to a strong sell rating in a research report on Saturday, September 19th. TheStreet raised ATN International from a d+ rating to a c- rating in a research report on Wednesday, August 26th. Raymond James reissued a hold rating on shares of ATN International in a research report on Thursday, August 6th. Finally, Zacks Investment Research downgraded ATN International from a buy rating to a hold rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $60.25.
NASDAQ ATNI traded down $0.16 during mid-day trading on Thursday, hitting $45.79. The stock had a trading volume of 593 shares, compared to its average volume of 53,908. The company has a quick ratio of 2.02, a current ratio of 2.06 and a debt-to-equity ratio of 0.10. The company has a 50 day simple moving average of $49.87 and a 200 day simple moving average of $57.15. The company has a market cap of $733.73 million, a price-to-earnings ratio of -164.10 and a beta of 0.23. ATN International has a 52-week low of $37.01 and a 52-week high of $79.64.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Tuesday, September 29th. ATN International’s dividend payout ratio is currently -618.18%.
In other news, CEO Michael T. Prior sold 1,300 shares of ATN International stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $60.09, for a total value of $78,117.00. Following the completion of the sale, the chief executive officer now owns 440,750 shares of the company’s stock, valued at $26,484,667.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.17% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Martin & Co. Inc. TN raised its stake in ATN International by 3.0% during the 2nd quarter. Martin & Co. Inc. TN now owns 22,259 shares of the technology company’s stock valued at $1,348,000 after purchasing an additional 646 shares during the period. American International Group Inc. boosted its holdings in ATN International by 3.8% in the second quarter. American International Group Inc. now owns 7,884 shares of the technology company’s stock worth $478,000 after purchasing an additional 290 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in ATN International by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 137,440 shares of the technology company’s stock worth $8,325,000 after purchasing an additional 913 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in ATN International by 17.0% in the second quarter. New York State Common Retirement Fund now owns 11,700 shares of the technology company’s stock worth $709,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in ATN International by 10.6% in the second quarter. Bessemer Group Inc. now owns 29,200 shares of the technology company’s stock worth $1,769,000 after purchasing an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 65.55% of the company’s stock.
ATN International Company Profile
ATN International, Inc, through its subsidiaries, provides telecommunications services in North America, the Caribbean, Bermuda, and India. It operates in three segments: International Telecom, US Telecom, and Renewable Energy. The International Telecom segment provides wireless services, including voice and data services to retail customers in Bermuda, Guyana, and the US Virgin Islands; and wireline services, such as voice and data services in Bermuda, the Cayman Islands, Guyana, and the US Virgin Islands, as well as video services in Bermuda, the Cayman Islands, and the US Virgin Islands.
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