Drexel Hamilton Initiates Coverage on Atlantic Tele-Network to Buy

Drexel Hamilton Initiates Coverage on Atlantic Tele-Network(NASDAQ:ATNI). The shares have been rated Buy. The rating by Drexel Hamilton was issued on Jun 22, 2016.

Atlantic Tele-Network (ATNI) shares turned negative on Mondays trading session with the shares closing down -1.89 points or -2.42% at a volume of 1,32,244. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $78.31. The peak price level was also seen at $78.31 while the days lowest was $76. Finally the shares closed at $76.25. The 52-week high of the shares is $83.8 while the 52-week low is $66.05. According to the latest information available, the market cap of the company is $1,231 M.

Atlantic Tele-Network(ATNI) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $89.69M. Analysts had an estimated revenue of $84.19M. Earnings per share were $0.54. Analysts had estimated an EPS of $0.49.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Michael T Prior (President and CEO) sold 2,400 shares at $72.45 per share price.Also, On May 12, 2016, Justin D Benincasa (CFO) sold 5,500 shares at $74.41 per share price.On Mar 14, 2016, Leonard Q. Slap (SVP and General Counsel) sold 1,025 shares at $73.39 per share price, according to the Form-4 filing with the securities and exchange commission.

Atlantic Tele-Network Inc. is a holding company. Through its operating subsidiaries the Company provides wireless and wireline telecommunications services; owns and operates commercial distributed generation solar power systems and owns and operates terrestrial and submarine fiber optic transport systems. It operates in five segments: U.S. Wireless International Integrated Telephony Island Wireless U.S. Wireline and Renewable Energy. U.S. Wireless provides wholesale wireless voice and data roaming services in rural markets to national regional local and selected international wireless carriers. Island Wireless segment provides wireless voice and data service to retail and business customers in Bermuda. International Integrated Telephony segment includes wireless telephone service. U.S. Wireline segment provides integrated voice and broadband data communications and wholesale transport services. Renewable Energy Services provides distributed generation solar power services.

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