Atlantic Tele-Network Inc. (NASDAQ:ATNI) rose 3.7% during mid-day trading on Friday . The stock traded as high as $83.00 and last traded at $81.60, with a volume of 108,098 shares traded. The stock had previously closed at $78.70.

ATNI has been the subject of several research reports. Zacks Investment Research upgraded shares of Atlantic Tele-Network from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Drexel Hamilton initiated coverage on shares of Atlantic Tele-Network in a research note on Wednesday, June 22nd. They set a “buy” rating for the company.

The stock has a 50 day moving average of $77.79 and a 200-day moving average of $75.18. The firm has a market capitalization of $1.31 billion and a P/E ratio of 50.18.

Atlantic Tele-Network (NASDAQ:ATNI) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $89.70 million for the quarter, compared to the consensus estimate of $84.19 million. Analysts predict that Atlantic Tele-Network Inc. will post $1.36 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Tuesday, June 28th.

In other Atlantic Tele-Network news, CFO Justin D. Benincasa sold 5,500 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $74.41, for a total transaction of $409,255.00. Following the completion of the sale, the chief financial officer now directly owns 46,543 shares of the company’s stock, valued at $3,463,264.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael T. Prior sold 531 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $80.46, for a total transaction of $42,724.26. Following the sale, the chief executive officer now directly owns 369,778 shares of the company’s stock, valued at $29,752,337.88. The disclosure for this sale can be found here.

Other hedge funds have recently bought and sold shares of the company. WBI Investments Inc. purchased a new stake in Atlantic Tele-Network during the fourth quarter worth approximately $2,732,000. Rhumbline Advisers raised its stake in Atlantic Tele-Network by 2.3% in the fourth quarter. Rhumbline Advisers now owns 22,918 shares of the company’s stock worth $1,793,000 after buying an additional 505 shares in the last quarter. Bank of Montreal Can raised its stake in Atlantic Tele-Network by 10.5% in the fourth quarter. Bank of Montreal Can now owns 162,082 shares of the company’s stock worth $12,680,000 after buying an additional 15,424 shares in the last quarter. Systematic Financial Management LP bought a new stake in Atlantic Tele-Network during the fourth quarter worth about $1,769,000. Finally, California Public Employees Retirement System raised its stake in Atlantic Tele-Network by 1.7% in the fourth quarter. California Public Employees Retirement System now owns 30,500 shares of the company’s stock worth $2,386,000 after buying an additional 500 shares during the period.

Atlantic Tele-Network, Inc (ATN) 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.