ATN International (NASDAQ:ATNI) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of ATN International, Inc. (NASDAQ:ATNI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.97 and traded as high as $22.65. ATN International shares last traded at $22.53, with a volume of 58,471 shares.

Wall Street Analysts Forecast Growth

ATNI has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research raised ATN International from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.00.

ATN International Trading Up 1.8%

The company has a debt-to-equity ratio of 1.01, a current ratio of 1.26 and a quick ratio of 1.21. The stock’s 50 day moving average is $21.53 and its 200-day moving average is $17.98. The company has a market capitalization of $343.81 million, a P/E ratio of -24.23, a P/E/G ratio of 6.26 and a beta of 0.56.

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

ATN International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 31st were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Wednesday, December 31st. ATN International’s dividend payout ratio (DPR) is presently -118.28%.

Institutional Investors Weigh In On ATN International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its holdings in shares of ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after purchasing an additional 35,394 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in ATN International by 9.6% during the third quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock valued at $1,152,000 after buying an additional 6,715 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after acquiring an additional 2,397 shares in the last quarter. Gabelli Funds LLC boosted its holdings in ATN International by 54.7% in the second quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company’s stock worth $3,143,000 after acquiring an additional 68,407 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of ATN International by 137.9% in the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after acquiring an additional 27,714 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

About ATN International

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.