National Securities began coverage on shares of ATN International (NASDAQ:ATNI) in a research note issued to investors on Wednesday, Briefing.com Automated Import reports. The brokerage set a “buy” rating on the technology company’s stock.

A number of other research firms also recently issued reports on ATNI. ValuEngine upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. BidaskClub cut shares of ATN International from a “hold” rating to a “sell” rating in a research note on Wednesday. Raymond James set a $64.00 price objective on shares of ATN International and gave the stock an “outperform” rating in a research note on Friday, July 26th. BWS Financial raised shares of ATN International from a “sell” rating to a “buy” rating in a research note on Monday, August 26th. Finally, Maxim Group reissued a “buy” rating and set a $71.00 price objective on shares of ATN International in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $67.67.

Shares of ATNI stock traded up $0.55 during midday trading on Wednesday, reaching $56.99. 2,285 shares of the company traded hands, compared to its average volume of 51,270. The firm’s 50 day simple moving average is $58.19 and its two-hundred day simple moving average is $58.52. ATN International has a 1-year low of $50.48 and a 1-year high of $88.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.92 and a quick ratio of 1.87. The firm has a market cap of $906.99 million, a PE ratio of 44.09 and a beta of 0.37.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.06. ATN International had a net margin of 3.57% and a return on equity of 1.92%. The company had revenue of $107.72 million during the quarter, compared to the consensus estimate of $106.51 million. As a group, research analysts anticipate that ATN International will post -0.2 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its holdings in shares of ATN International by 92.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,973 shares of the technology company’s stock valued at $746,000 after acquiring an additional 6,225 shares in the last quarter. Sun Life Financial INC increased its stake in shares of ATN International by 144.0% during the second quarter. Sun Life Financial INC now owns 2,450 shares of the technology company’s stock valued at $141,000 after buying an additional 1,446 shares during the period. Acadian Asset Management LLC boosted its position in shares of ATN International by 11.3% during the second quarter. Acadian Asset Management LLC now owns 85,230 shares of the technology company’s stock valued at $4,919,000 after buying an additional 8,651 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its position in shares of ATN International by 3.3% during the second quarter. Global Alpha Capital Management Ltd. now owns 217,914 shares of the technology company’s stock valued at $12,580,000 after buying an additional 6,860 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of ATN International by 50.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,770 shares of the technology company’s stock valued at $275,000 after buying an additional 1,590 shares during the last quarter. 63.90% of the stock is owned by institutional investors and hedge funds.

ATN International Company Profile

ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, India, Bermuda, and the Caribbean. It operates through three segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers wireless and wireline services; wholesale wireless voice and data roaming services to wireless carriers principally in the Southwest and Midwest the United States; and retail wireless, wireline, and wholesale long-distance voice services to telecommunications carriers.

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