ATN International (NASDAQ:ATNI) Given “Strong-Buy” Rating at Raymond James

ATN International (NASDAQ:ATNI)‘s stock had its “strong-buy” rating reaffirmed by stock analysts at Raymond James in a report issued on Friday, Benzinga reports. They presently have a $32.00 price target on the technology company’s stock, down from their previous price target of $40.00. Raymond James’ target price suggests a potential upside of 67.80% from the stock’s current price.

ATN International Stock Performance

ATNI stock traded down $0.23 during midday trading on Friday, hitting $19.07. The company’s stock had a trading volume of 196,698 shares, compared to its average volume of 92,541. The stock has a market cap of $295.20 million, a price-to-earnings ratio of -14.85 and a beta of 0.39. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock’s 50-day moving average price is $30.91 and its 200 day moving average price is $33.28. ATN International has a 1 year low of $18.20 and a 1 year high of $41.03.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The company had revenue of $198.97 million for the quarter, compared to the consensus estimate of $192.07 million. ATN International had a negative net margin of 1.96% and a negative return on equity of 1.16%. On average, equities analysts forecast that ATN International will post -0.31 EPS for the current year.

Institutional Trading of ATN International

Several institutional investors and hedge funds have recently bought and sold shares of ATNI. Copeland Capital Management LLC purchased a new stake in shares of ATN International during the 3rd quarter valued at $27,000. GAMMA Investing LLC bought a new position in shares of ATN International during the 4th quarter valued at about $44,000. Public Employees Retirement System of Ohio lifted its position in ATN International by 498.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock worth $76,000 after buying an additional 1,625 shares during the last quarter. Keeley Teton Advisors LLC grew its position in ATN International by 14.4% during the third quarter. Keeley Teton Advisors LLC now owns 15,103 shares of the technology company’s stock valued at $477,000 after acquiring an additional 1,903 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of ATN International by 1.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 188,995 shares of the technology company’s stock worth $5,965,000 after acquiring an additional 2,580 shares during the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

ATN International Company Profile

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.