ATN International (NASDAQ:ATNI) Stock Rating Reaffirmed by Raymond James

ATN International (NASDAQ:ATNI)‘s stock had its “strong-buy” rating reaffirmed by analysts at Raymond James in a report released on Friday, Benzinga reports. They currently have a $32.00 price target on the technology company’s stock, down from their prior price target of $40.00. Raymond James’ target price would indicate a potential upside of 63.93% from the stock’s current price.

ATN International Stock Performance

NASDAQ ATNI opened at $19.52 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.06 and a quick ratio of 0.89. The company’s fifty day moving average is $30.53 and its two-hundred day moving average is $33.18. ATN International has a 52-week low of $18.20 and a 52-week high of $41.03. The firm has a market capitalization of $302.17 million, a price-to-earnings ratio of -15.02 and a beta of 0.39.

ATN International (NASDAQ:ATNI) last issued its 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). ATN International had a negative net margin of 1.96% and a negative return on equity of 1.17%. The business had revenue of $198.97 million for the quarter, compared to analyst estimates of $192.07 million. Equities research analysts forecast that ATN International will post -0.31 EPS for the current year.

Institutional Trading of ATN International

Several institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. lifted its holdings in ATN International by 1.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock valued at $23,215,000 after purchasing an additional 10,000 shares during the last quarter. Keeley Teton Advisors LLC lifted its holdings in ATN International by 27.6% during the 4th quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock valued at $751,000 after purchasing an additional 4,163 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in ATN International by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 188,995 shares of the technology company’s stock valued at $5,965,000 after purchasing an additional 2,580 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in ATN International by 498.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company’s stock valued at $76,000 after purchasing an additional 1,625 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in ATN International during the 4th quarter valued at about $44,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

About ATN International

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.