ATN International (NASDAQ:ATNI) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

ATN International, Inc. (NASDAQ:ATNI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.22 and traded as high as $28.86. ATN International shares last traded at $28.44, with a volume of 52,157 shares traded.

Analysts Set New Price Targets

ATNI has been the subject of a number of recent research reports. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Zacks Research raised ATN International from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.00.

ATN International Stock Up 1.0%

The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.21 and a current ratio of 1.26. The company has a market cap of $433.99 million, a P/E ratio of -30.58, a PEG ratio of 7.41 and a beta of 0.57. The firm’s 50-day simple moving average is $23.76 and its 200 day simple moving average is $19.22.

ATN International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Wednesday, December 31st. ATN International’s payout ratio is presently -118.28%.

Institutional Trading of ATN International

Hedge funds have recently modified their holdings of the company. Gabelli Funds LLC grew its holdings in ATN International by 54.7% during the second quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company’s stock valued at $3,143,000 after purchasing an additional 68,407 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after purchasing an additional 35,394 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after buying an additional 10,253 shares during the period. Marshall Wace LLP increased its position in shares of ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after buying an additional 27,714 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of ATN International by 7.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

ATN International Company Profile

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.