Atlantic Tele-Network Inc. (NASDAQ:ATNI) has been given a consensus broker rating score of 2.00 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 12-month consensus price target of $78.33 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Atlantic Tele-Network an industry rank of 71 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Atlantic Tele-Network from a “strong sell” rating to a “hold” rating in a report on Monday, October 3rd.
Atlantic Tele-Network (NASDAQ:ATNI) opened at 74.14 on Wednesday. The company has a 50 day moving average of $67.57 and a 200-day moving average of $70.66. Atlantic Tele-Network has a one year low of $62.70 and a one year high of $83.27. The company has a market cap of $1.20 billion, a P/E ratio of 83.96 and a beta of 0.72.
Atlantic Tele-Network (NASDAQ:ATNI) last posted its earnings results on Thursday, October 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The company earned $138.80 million during the quarter, compared to the consensus estimate of $135.39 million. Atlantic Tele-Network had a net margin of 3.50% and a return on equity of 2.20%. On average, equities analysts expect that Atlantic Tele-Network will post $0.76 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its position in Atlantic Tele-Network by 27.7% in the second quarter. Macquarie Group Ltd. now owns 247,433 shares of the company’s stock worth $19,253,000 after buying an additional 53,697 shares during the last quarter. River Road Asset Management LLC purchased a new position in Atlantic Tele-Network during the third quarter worth $8,462,000. Global Alpha Capital Management Ltd. boosted its position in Atlantic Tele-Network by 14.3% in the third quarter. Global Alpha Capital Management Ltd. now owns 103,684 shares of the company’s stock worth $6,744,000 after buying an additional 13,000 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Atlantic Tele-Network by 26.2% in the third quarter. Ameriprise Financial Inc. now owns 66,060 shares of the company’s stock worth $4,297,000 after buying an additional 13,714 shares during the last quarter. Finally, Strs Ohio boosted its position in Atlantic Tele-Network by 16.6% in the third quarter. Strs Ohio now owns 48,400 shares of the company’s stock worth $3,147,000 after buying an additional 6,900 shares during the last quarter. 58.40% of the stock is owned by institutional investors.
About Atlantic Tele-Network
ATN International, Inc, formerly Atlantic Tele-Network, Inc, is a holding company. The Company, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean; owns and operates commercial distributed generation solar power systems in the United States, and owns and operates terrestrial and submarine fiber optic transport systems in the United States and the Caribbean, respectively.