ATN International (NASDAQ:ATNI) Receives “Strong-Buy” Rating from Raymond James

ATN International (NASDAQ:ATNI)‘s stock had its “strong-buy” rating reiterated by analysts at Raymond James in a note issued to investors on Friday, Benzinga reports. They presently have a $32.00 price target on the technology company’s stock, down from their previous price target of $40.00. Raymond James’ price objective would suggest a potential upside of 63.93% from the company’s current price.

ATN International Stock Up 1.1 %

Shares of NASDAQ ATNI opened at $19.52 on Friday. The company has a market capitalization of $302.17 million, a P/E ratio of -15.02 and a beta of 0.39. ATN International has a 52-week low of $18.20 and a 52-week high of $41.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 1.06. The company’s 50 day moving average price is $30.53 and its 200-day moving average price is $33.18.

ATN International (NASDAQ:ATNI) last released its earnings results on Wednesday, February 21st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $198.97 million for the quarter, compared to analyst estimates of $192.07 million. Equities analysts forecast that ATN International will post -0.31 earnings per share for the current year.

Institutional Trading of ATN International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Copeland Capital Management LLC bought a new stake in ATN International during the 3rd quarter valued at $27,000. Public Employees Retirement System of Ohio increased its stake 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 in the last quarter. Keeley Teton Advisors LLC increased its stake in ATN International by 14.4% during the 3rd quarter. Keeley Teton Advisors LLC now owns 15,103 shares of the technology company’s stock valued at $477,000 after purchasing an additional 1,903 shares in the last quarter. Bank of New York Mellon Corp increased its stake 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 in the last quarter. Finally, GAMMA Investing LLC increased its stake in ATN International by 64.3% during the 1st quarter. GAMMA Investing LLC now owns 1,940 shares of the technology company’s stock valued at $61,000 after purchasing an additional 759 shares in the last quarter. 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.