In a report released today, Ric Prentiss from Raymond James maintained a Buy rating on ATN International Inc (ATNI), with a price target of $67.00. The company’s shares closed last Monday at $62.05.
According to TipRanks.com, Prentiss is a 1-star analyst with an average return of -1.5% and a 64.7% success rate. Prentiss covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, KVH Industries, and Orbcomm Inc.
Currently, the analyst consensus on ATN International Inc is a Strong Buy with an average price target of $73.00, implying a 19.7% upside from current levels. In a report issued on October 16, National Securities Corp also initiated coverage with a Buy rating on the stock with a $67.00 price target.
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Based on ATN International Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.39 million. In comparison, last year the company had a net profit of $17.02 million.
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ATN International, Inc. provides telecommunications services to rural and other under-served markets and geographies in the U.S., Bermuda and the Caribbean. It operates through the following segments: U.S. Telecom, International Telecom, and Renewable Energy.