ATN International (NASDAQ:ATNI) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

by · The Markets Daily

ATN International, Inc. (NASDAQ:ATNIGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.54 and traded as high as $21.55. ATN International shares last traded at $21.41, with a volume of 34,557 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of ATN International in a research note on Monday, December 1st. Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $22.00.

View Our Latest Stock Analysis on ATNI

ATN International Price Performance

The stock has a market cap of $326.72 million, a PE ratio of -23.02 and a beta of 0.53. The stock’s fifty day moving average is $17.17 and its 200-day moving average is $16.55. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.26 and a quick ratio of 1.21.

ATN International (NASDAQ:ATNIGet Free Report) last issued its earnings results on Thursday, November 6th. The technology company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.24. ATN International had a negative net margin of 1.11% and a positive return on equity of 0.13%. The company had revenue of $183.17 million for the quarter, compared to the consensus estimate of $182.40 million. As a group, equities analysts anticipate that ATN International, Inc. will post -0.73 EPS for the current year.

ATN International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 30th were issued a $0.275 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.10 dividend on an annualized basis and a yield of 5.1%. ATN International’s dividend payout ratio is currently -118.28%.

Institutional Investors Weigh In On ATN International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATNI. Russell Investments Group Ltd. lifted its stake in shares of ATN International by 357.2% in the 1st quarter. Russell Investments Group Ltd. now owns 4,229 shares of the technology company’s stock valued at $86,000 after purchasing an additional 3,304 shares during the last quarter. Strs Ohio purchased a new stake in ATN International in the 1st quarter valued at about $138,000. Ameriprise Financial Inc. lifted its position in ATN International by 7.2% in the second 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 during the last quarter. Keeley Teton Advisors LLC boosted its stake in ATN International by 36.4% during the first quarter. Keeley Teton Advisors LLC now owns 31,954 shares of the technology company’s stock worth $649,000 after buying an additional 8,525 shares during the period. Finally, Marshall Wace LLP boosted its stake in ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after buying an additional 27,714 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

ATN International Company Profile

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ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.

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