ATN International's (ATNI) Strong-Buy Rating Reaffirmed at Raymond James

ATN International (NASDAQ:ATNI - Get Free Report)'s stock had its "strong-buy" rating reiterated by stock analysts at Raymond James in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $32.00 target price on the technology company's stock, down from their previous target price of $40.00. Raymond James' target price indicates a potential upside of 63.93% from the company's current price.

ATN International Stock Up 1.1 %

NASDAQ ATNI traded up $0.22 during trading on Friday, reaching $19.52. 310,158 shares of the company's stock were exchanged, compared to its average volume of 94,002. The stock has a market cap of $302.17 million, a P/E ratio of -15.02 and a beta of 0.39. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.89 and a current ratio of 0.96. The company has a 50 day moving average price of $30.53 and a two-hundred day moving average price of $33.18. ATN International has a 1 year low of $18.20 and a 1 year high of $41.03.

ATN International (NASDAQ:ATNI - Get Free Report) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). The firm had revenue of $198.97 million for the quarter, compared to analyst estimates of $192.07 million. ATN International had a negative return on equity of 1.16% and a negative net margin of 1.96%. On average, equities research analysts anticipate that ATN International will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On ATN International

Several hedge funds have recently made changes to their positions in ATNI. Copeland Capital Management LLC purchased a new position in shares of ATN International in the 3rd quarter worth $27,000. Public Employees Retirement System of Ohio raised its position in shares of ATN International by 498.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,951 shares of the technology company's stock worth $76,000 after buying an additional 1,625 shares during the period. Keeley Teton Advisors LLC raised its position in shares of ATN International by 14.4% in the 3rd quarter. Keeley Teton Advisors LLC now owns 15,103 shares of the technology company's stock worth $477,000 after buying an additional 1,903 shares during the period. Bank of New York Mellon Corp raised its position in ATN International by 1.4% in the third 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 period. Finally, GAMMA Investing LLC raised its position in ATN International by 64.3% in the first 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 during the period. Institutional investors and hedge funds 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.