ATN International, Inc. (NASDAQ:ATNI) has been assigned an average broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

Brokerages have set a 12 month consensus price objective of $77.00 for the company and are predicting that the company will post $0.51 earnings per share for the current quarter, according to Zacks. Zacks has also given ATN International an industry rank of 113 out of 265 based on the ratings given to related companies.

A number of analysts have recently weighed in on ATNI shares. BidaskClub upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. TheStreet lowered shares of ATN International from a “b-” rating to a “c+” rating in a report on Wednesday, May 17th. Zacks Investment Research lowered shares of ATN International from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Finally, Sidoti started coverage on shares of ATN International in a report on Friday, June 2nd. They set a “buy” rating for the company.

Hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its stake 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 buying an additional 1,250 shares during the period. Strs Ohio raised its stake 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 buying an additional 200 shares during the period. Aperio Group LLC raised its stake in shares of ATN International by 23.1% in the second quarter. Aperio Group LLC now owns 9,537 shares of the technology company’s stock valued at $653,000 after buying an additional 1,790 shares during the period. Kirr Marbach & Co. LLC IN raised its stake in shares of ATN International by 60.4% in the second quarter. Kirr Marbach & Co. LLC IN now owns 5,405 shares of the technology company’s stock valued at $370,000 after buying an additional 2,035 shares during the period. Finally, State Street Corp raised its stake in shares of ATN International by 5.9% in the first quarter. State Street Corp now owns 290,723 shares of the technology company’s stock valued at $20,477,000 after buying an additional 16,078 shares during the period. Institutional investors and hedge funds own 59.58% of the company’s stock.

ATN International (NASDAQ:ATNI) opened at 60.24 on Friday. The firm has a market capitalization of $975.53 million, a P/E ratio of 44.96 and a beta of 0.73. ATN International has a one year low of $60.08 and a one year high of $87.82. The firm’s 50-day moving average price is $67.26 and its 200 day moving average price is $70.71.

The company also recently announced a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Friday, June 30th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.26%. ATN International’s dividend payout ratio is currently 100.00%.

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ATN International Company Profile

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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