ATN International, Inc. (ATNI) Upgraded to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of ATN International, Inc. (NASDAQ:ATNI) from a sell rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “ATN International, Inc. invests, own and operate communications companies and renewable energy assets. The company through its operating subsidiaries provide wireless and wireline connectivity to residential and business customers including mobile wireless solutions, local exchange services and broadband internet services; distributed solar electric power to corporate, utility and municipal customers and owner and operator of terrestrial and submarine fiber optic transport systems primarily in the United States and the Caribbean. ATN International Inc., formerly known as Atlantic Tele-Network, Inc., is based in Beverly, United States. “
ATNI has been the subject of a number of other reports. BidaskClub downgraded shares of ATN International from a buy rating to a hold rating in a research note on Thursday, June 22nd. BWS Financial decreased their price target on shares of ATN International from $64.00 to $57.00 and set a hold rating for the company in a research note on Monday, July 31st. ValuEngine raised shares of ATN International from a sell rating to a hold rating in a research note on Friday, September 1st. Finally, Sidoti assumed coverage on shares of ATN International in a research note on Friday, June 2nd. They issued a buy rating for the company. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $67.00.
Shares of ATN International (ATNI) opened at 52.70 on Wednesday. The firm has a market capitalization of $853.42 million, a P/E ratio of 39.33 and a beta of 0.68. The stock has a 50 day moving average price of $58.16 and a 200 day moving average price of $65.52. ATN International has a 52 week low of $49.50 and a 52 week high of $87.82.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 9th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, September 28th. ATN International’s dividend payout ratio is 50.00%.
In other ATN International news, SVP Leonard Q. Slap sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $62.00, for a total transaction of $62,000.00. Following the completion of the transaction, the senior vice president now owns 26,645 shares of the company’s stock, valued at $1,651,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in ATNI. Teachers Advisors LLC increased its stake in shares of ATN International by 2.4% during the fourth quarter. Teachers Advisors LLC now owns 17,017 shares of the technology company’s stock valued at $1,364,000 after purchasing an additional 392 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of ATN International by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 219,009 shares of the technology company’s stock valued at $15,423,000 after purchasing an additional 9,244 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of ATN International during the first quarter valued at approximately $546,000. Ameriprise Financial Inc. increased its stake in shares of ATN International by 4.5% during the first quarter. Ameriprise Financial Inc. now owns 84,648 shares of the technology company’s stock valued at $5,961,000 after purchasing an additional 3,650 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of ATN International by 1.8% during the first quarter. Arizona State Retirement System now owns 5,553 shares of the technology company’s stock valued at $391,000 after purchasing an additional 100 shares in the last quarter. 59.22% of the stock is owned by institutional investors and hedge funds.
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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