StockNews.com Upgrades ATN International (NASDAQ:ATNI) to “Buy”

StockNews.com upgraded shares of ATN International (NASDAQ:ATNI) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

ATN International Price Performance

ATNI stock opened at $19.89 on Thursday. The stock has a market cap of $300.62 million, a price-to-earnings ratio of -7.31 and a beta of 0.60. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.21 and a quick ratio of 1.15. The company has a 50 day simple moving average of $16.59 and a 200 day simple moving average of $22.08. ATN International has a 1 year low of $14.74 and a 1 year high of $33.72.

ATN International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend was Tuesday, December 31st. ATN International’s payout ratio is -45.28%.

Institutional Investors Weigh In On ATN International

A number of hedge funds and other institutional investors have recently bought and sold shares of ATNI. BNP Paribas Financial Markets boosted its stake in shares of ATN International by 758.3% during the third quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company’s stock valued at $2,306,000 after purchasing an additional 62,999 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in ATN International in the 3rd quarter valued at approximately $1,789,000. Public Employees Retirement System of Ohio boosted its position in ATN International by 43.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company’s stock worth $474,000 after buying an additional 4,457 shares during the period. Brown Brothers Harriman & Co. grew its holdings in ATN International by 3.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company’s stock worth $20,282,000 after acquiring an additional 21,347 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its position in ATN International by 51.2% in the 4th quarter. Tudor Investment Corp ET AL now owns 42,360 shares of the technology company’s stock valued at $712,000 after acquiring an additional 14,344 shares during the period. Institutional investors own 65.50% of the company’s stock.

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.