ATN International Inc (NASDAQ:ATNI) CFO Justin D. Benincasa sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $60.96, for a total value of $76,200.00. Following the completion of the transaction, the chief financial officer now owns 56,876 shares of the company’s stock, valued at $3,467,160.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
ATNI traded up $0.44 during trading on Wednesday, reaching $62.25. The company had a trading volume of 33,653 shares, compared to its average volume of 57,699. The company has a market cap of $974.18 million, a PE ratio of 48.15 and a beta of 0.40. ATN International Inc has a 52 week low of $49.34 and a 52 week high of $88.78. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.18.
ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. The company had revenue of $103.30 million during the quarter, compared to the consensus estimate of $108.14 million. ATN International had a return on equity of 2.92% and a net margin of 5.29%. As a group, research analysts anticipate that ATN International Inc will post -0.11 earnings per share for the current fiscal year.
A number of research analysts have recently commented on ATNI shares. BidaskClub upgraded ATN International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Maxim Group reiterated a “hold” rating on shares of ATN International in a research report on Thursday, February 21st. ValuEngine upgraded ATN International from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research downgraded ATN International from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Finally, Raymond James upgraded ATN International from a “market perform” rating to an “outperform” rating and set a $67.00 price target for the company in a research report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $73.67.
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About ATN International
ATN International, Inc, through its subsidiaries, provides wireless and wireline telecommunications services in North America, India, Bermuda, and the Caribbean. It operates through three segments: U.S. Telecom, International Telecom, and Renewable Energy. The U.S. Telecom segment offers wireless and wireline services; wholesale wireless voice and data roaming services to wireless carriers principally in the Southwest and Midwest the United States; and retail wireless, wireline, and wholesale long-distance voice services to telecommunications carriers.
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