ATN International (NASDAQ:ATNI) Upgraded to "Buy" at StockNews.com

ATN International (NASDAQ:ATNI - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Tuesday.

Separately, Raymond James set a $22.00 target price on ATN International in a research note on Thursday, March 6th.

ATN International Stock Down 0.7%

Shares of NASDAQ:ATNI traded down $0.11 during midday trading on Tuesday, reaching $14.58. The company had a trading volume of 61,625 shares, compared to its average volume of 95,210. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The business's 50 day moving average price is $18.40 and its 200 day moving average price is $17.99. The stock has a market cap of $221.86 million, a PE ratio of -5.36 and a beta of 0.69. ATN International has a 1-year low of $14.09 and a 1-year high of $33.72.

ATN International (NASDAQ:ATNI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.47). The firm had revenue of $179.29 million during the quarter, compared to analyst estimates of $178.67 million. ATN International had a negative net margin of 4.79% and a positive return on equity of 0.52%. Research analysts forecast that ATN International will post -0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in ATN International by 4,208.3% in the first quarter. Versant Capital Management Inc now owns 1,551 shares of the technology company's stock valued at $32,000 after purchasing an additional 1,515 shares during the period. Russell Investments Group Ltd. lifted its position in ATN International by 357.2% in the 1st quarter. Russell Investments Group Ltd. now owns 4,229 shares of the technology company's stock valued at $86,000 after acquiring an additional 3,304 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of ATN International during the 4th quarter worth approximately $62,000. Keeley Teton Advisors LLC raised its holdings in shares of ATN International by 36.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 31,954 shares of the technology company's stock worth $649,000 after purchasing an additional 8,525 shares during the period. Finally, Tudor Investment Corp ET AL raised its holdings in shares of 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 worth $712,000 after purchasing an additional 14,344 shares during the period. 65.50% of the stock is currently owned by institutional investors.

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.