ATN International, Inc. (ATNI) Downgraded by Sidoti to Neutral
Sidoti lowered shares of ATN International, Inc. (NASDAQ:ATNI) from a buy rating to a neutral rating in a report issued on Tuesday. They currently have $57.00 target price on the technology company’s stock, down from their prior target price of $73.00.
A number of other equities research analysts also recently issued reports on the stock. BidaskClub upgraded shares of ATN International from a hold rating to a buy rating in a research report on Friday, June 9th. BWS Financial lowered their price target on ATN International from $64.00 to $57.00 and set a hold rating on the stock in a report on Monday, July 31st. Zacks Investment Research upgraded ATN International from a sell rating to a hold rating in a report on Wednesday, September 27th. Finally, ValuEngine upgraded ATN International from a sell rating to a hold rating in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of Hold and a consensus target price of $63.67.
ATN International (NASDAQ ATNI) traded up 2.20% on Tuesday, reaching $54.41. The company had a trading volume of 75,420 shares. The company’s 50-day moving average is $55.96 and its 200-day moving average is $64.20. ATN International has a 52-week low of $49.50 and a 52-week high of $87.82. The company has a market capitalization of $881.12 million, a PE ratio of 40.60 and a beta of 0.61.
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The company also recently declared a quarterly dividend, which will be paid on Monday, October 9th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, September 28th. ATN International’s dividend payout ratio (DPR) is presently 50.00%.
In related news, SVP Leonard Q. Slap sold 1,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $62.00, for a total value of $62,000.00. Following the sale, the senior vice president now directly owns 26,645 shares of the company’s stock, valued at approximately $1,651,990. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 32.70% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. First Mercantile Trust Co. raised its position in ATN International by 1.4% during the second quarter. First Mercantile Trust Co. now owns 1,456 shares of the technology company’s stock worth $100,000 after acquiring an additional 20 shares during the last quarter. Strs Ohio lifted its holdings in shares of ATN International by 5.9% in the second quarter. Strs Ohio now owns 3,600 shares of the technology company’s stock valued at $246,000 after purchasing an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of ATN International by 51.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,680 shares of the technology company’s stock valued at $252,000 after purchasing an additional 1,250 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of ATN International by 157.2% in the second quarter. SG Americas Securities LLC now owns 4,043 shares of the technology company’s stock valued at $277,000 after purchasing an additional 2,471 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in shares of ATN International by 50.6% in the first quarter. OppenheimerFunds Inc. now owns 5,014 shares of the technology company’s stock valued at $353,000 after purchasing an additional 1,684 shares in the last quarter. Hedge funds and other institutional investors own 59.22% of the company’s stock.
About ATN International
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
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