Atlantic Tele-Network Stock Soars (ATNI)

NEW YORK (TheStreet) -- Shares of Atlantic Tele-Network (Nasdaq:ATNI) have taken a tremendous swing upward. The stock is trading at $41.06 as of 10:45 a.m. ET, 22.1% above Wednesday's closing price of $33.62. Volume is at 62,399, 2.3 times the daily average of 26,700.

Atlantic Tele-Network has a market cap of $517.8 million and is part of the technology sector and telecommunications industry. Shares are down 14.5% year to date as of the close of trading on Wednesday.

Atlantic Tele-Network, Inc., through its subsidiaries, provides wireless and wire line telecommunications services in North America, Bermuda, and the Caribbean. The company has a P/E ratio of 23.7, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Atlantic Tele-Network as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Atlantic Tele-Network Ratings Report.

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