BidaskClub downgraded shares of ATN International (NASDAQ:ATNI) from a hold rating to a sell rating in a research report report published on Tuesday, BidAskClub reports.

ATNI has been the topic of a number of other research reports. Maxim Group reissued a hold rating on shares of ATN International in a research note on Thursday, February 21st. Zacks Investment Research raised ATN International from a hold rating to a buy rating and set a $81.00 price target on the stock in a research note on Tuesday, January 1st. Raymond James raised ATN International from a market perform rating to an outperform rating and set a $67.00 price target on the stock in a research note on Friday, February 22nd. Finally, ValuEngine cut ATN International from a buy rating to a hold rating in a research note on Friday, February 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $66.50.

Shares of ATNI opened at $59.73 on Tuesday. The stock has a market capitalization of $955.86 million, a P/E ratio of 46.30 and a beta of 0.37. ATN International has a 1-year low of $49.34 and a 1-year high of $88.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.92 and a current ratio of 1.96.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.14. The firm had revenue of $107.81 million for the quarter, compared to analysts’ expectations of $108.31 million. ATN International had a return on equity of 2.50% and a net margin of 4.39%.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Sunday, March 31st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 28th. ATN International’s dividend payout ratio is currently 52.71%.

In other ATN International news, CFO Justin D. Benincasa sold 3,000 shares of ATN International stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $72.01, for a total value of $216,030.00. Following the transaction, the chief financial officer now directly owns 51,870 shares of the company’s stock, valued at approximately $3,735,158.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 32.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in ATN International by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 320,376 shares of the technology company’s stock worth $23,669,000 after acquiring an additional 12,982 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings in ATN International by 61.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 7,655 shares of the technology company’s stock worth $566,000 after acquiring an additional 2,901 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of ATN International by 74.5% during the 4th quarter. Meeder Asset Management Inc. now owns 588 shares of the technology company’s stock worth $42,000 after buying an additional 251 shares during the last quarter. Arizona State Retirement System lifted its position in shares of ATN International by 6.2% during the 4th quarter. Arizona State Retirement System now owns 16,718 shares of the technology company’s stock worth $1,196,000 after buying an additional 978 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of ATN International during the 4th quarter worth approximately $209,000. 63.89% of the stock is currently owned by institutional investors.

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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