StockNews.com upgraded shares of ATN International (NASDAQ:ATNI - Free Report) from a hold rating to a buy rating in a research note published on Thursday morning.
ATN International Trading Up 3.2 %
Shares of NASDAQ:ATNI traded up $0.62 during trading on Thursday, reaching $19.89. The stock had a trading volume of 104,286 shares, compared to its average volume of 100,588. The firm's fifty day moving average is $16.53 and its 200 day moving average is $22.15. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.21. ATN International has a 52 week low of $14.74 and a 52 week high of $33.72. The stock has a market cap of $300.62 million, a price-to-earnings ratio of -7.31 and a beta of 0.60.
ATN International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.83%. The ex-dividend date was Tuesday, December 31st. ATN International's dividend payout ratio is presently -45.28%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. boosted its stake in ATN International by 3.5% during the third 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 in the last quarter. Gabelli Funds LLC bought a new position in ATN International during the fourth quarter worth $2,367,000. Bank of New York Mellon Corp boosted its stake in ATN International by 26.0% during the fourth quarter. Bank of New York Mellon Corp now owns 124,865 shares of the technology company's stock worth $2,099,000 after acquiring an additional 25,727 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in ATN International by 758.3% during the third quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company's stock worth $2,306,000 after acquiring an additional 62,999 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in ATN International by 389.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 65,250 shares of the technology company's stock worth $1,097,000 after acquiring an additional 51,907 shares in the last quarter. 65.50% of the stock is owned by institutional investors.
About ATN International
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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.
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