According to Zacks, “ATN International, Inc. invests in, owns and operates communications companies and renewable energy assets. The Company, through its operating subsidiaries, provides wireless and wireline connectivity to residential and business customers, including mobile wireless solutions, local services and broadband Internet services; distributed solar electric power to business, utility, and municipal customers and owned and operated fiber optic land and submarine transportation systems primarily in the United States and the Caribbean. ATN International Inc., formerly known as Atlantic Tele-Network, Inc., is based in Beverly, USA. “
Several other stock analysts also commented on the stock. BWS Financial lowered its price target on ATN International shares from $85.00 to $52.00 in a Friday, February 25 research note. StockNews.com upgraded ATN International from a sell rating to a hold rating in a Thursday, April 21 report.
Shares of ATNI Stock opened at $40.55 on Wednesday. ATN International has a 12-month low of $32.07 and a 12-month high of $49.88. The company has a market capitalization of $636.19 million, a PE ratio of -27.97 and a beta of 0.28. The company’s 50-day moving average is $38.01 and its two-hundred-day moving average is $39.90. The company has a debt ratio of 0.47, a current ratio of 1.05 and a quick ratio of 1.01.
ATN International (NASDAQ: ATNI – Get a rating) last released its quarterly results on Wednesday, April 27. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.05). ATN International recorded a positive return on equity of 0.55% and a negative net margin of 3.67%. During the same period of the previous year, the company achieved EPS of $0.17. Sell-side analysts expect ATN International to post an EPS of -0.28 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15. Shareholders of record on Friday, April 8 received a dividend of $0.17. This represents a dividend of $0.68 on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Thursday, April 7. ATN International’s dividend payout rate is currently -46.90%.
Several hedge funds have recently increased or reduced their stake in ATNI. California State Teachers Retirement System increased its holdings in ATN International by 2.1% in the fourth quarter. California State Teachers Retirement System now owns 15,448 shares of the technology company worth $617,000 after acquiring 322 additional shares during the period. The Public Employees Retirement System of Ohio increased its position in ATN International shares by 39.5% during the fourth quarter. The Ohio Public Employees Retirement System now owns 5,378 shares of the tech company valued at $215,000 after acquiring 1,524 additional shares in the last quarter. Credit Suisse AG increased its position in ATN International shares by 18.8% in the fourth quarter. Credit Suisse AG now owns 8,963 shares of the technology company worth $358,000 after buying 1,417 additional shares in the last quarter. Geode Capital Management LLC increased its holdings of ATN International shares by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 179,013 shares of the technology company valued at $7,151,000 after buying 1,771 additional shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in ATN International by 12.0% in the third quarter. Bank of New York Mellon Corp now owns 217,943 shares of the technology company worth $10,211,000 after buying 23,324 additional shares during the period. Institutional investors and hedge funds hold 63.90% of the company’s shares.
ATN International Company Profile (Get a rating)
ATN International, Inc, through its subsidiaries, provides telecommunications services. It operates in three segments: International Telecom, US Telecom and Renewable Energy. The International Telecom segment provides fixed data and voice; fixed, carrier, managed and mobility services to customers in Bermuda, the Cayman Islands, Guyana and the US Virgin Islands, and video services in Bermuda, the Cayman Islands and the US Virgin Islands.
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