ATN International (NASDAQ:ATNI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ATN International (NASDAQ:ATNI) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Several other analysts have also weighed in on the stock. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Zacks Research cut shares of ATN International from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

ATN International Price Performance

Shares of NASDAQ ATNI opened at $32.11 on Friday. ATN International has a twelve month low of $13.86 and a twelve month high of $33.41. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $493.85 million, a price-to-earnings ratio of 3.12, a price-to-earnings-growth ratio of 4.10 and a beta of 0.56. The business has a 50 day simple moving average of $25.58 and a 200-day simple moving average of $26.37.

ATN International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 30th. This is a positive change from ATN International’s previous quarterly dividend of $0.28. ATN International’s payout ratio is currently 11.28%.

Insider Buying and Selling at ATN International

In related news, major shareholder Cornelius B. Prior, Jr. sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $29.74, for a total value of $208,180.00. Following the sale, the insider owned 74,436 shares of the company’s stock, valued at approximately $2,213,726.64. This trade represents a 8.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 84,064 shares of company stock worth $2,364,786. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ATN International

Large investors have recently added to or reduced their stakes in the stock. Strs Ohio bought a new stake in ATN International in the first quarter valued at $138,000. Meeder Asset Management Inc. bought a new position in shares of ATN International during the second quarter worth about $217,000. Deutsche Bank AG bought a new position in shares of ATN International during the second quarter worth about $262,000. Segall Bryant & Hamill LLC acquired a new stake in shares of ATN International in the 4th quarter worth about $448,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of ATN International in the 4th quarter worth about $479,000. 65.50% of the stock is owned by institutional investors and hedge funds.

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.