ATN International (NASDAQ:ATNI) Lowered to Hold Rating by Wall Street Zen

ATN International (NASDAQ:ATNI) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings cut ATN International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

ATN International Stock Down 1.0%

ATN International stock opened at $26.17 on Friday. The firm has a 50 day simple moving average of $25.54 and a 200 day simple moving average of $20.78. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.99. ATN International has a 1-year low of $13.76 and a 1-year high of $30.45. The firm has a market capitalization of $402.23 million, a price-to-earnings ratio of -18.83, a P/E/G ratio of 4.26 and a beta of 0.52.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings results on Thursday, March 5th. The technology company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $184.22 million during the quarter, compared to analyst estimates of $183.60 million. ATN International had a negative return on equity of 0.52% and a negative net margin of 2.05%. On average, analysts predict that ATN International will post -0.73 earnings per share for the current year.

Hedge Funds Weigh In On ATN International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATNI. Strs Ohio bought a new position in ATN International in the 1st quarter worth about $138,000. Segall Bryant & Hamill LLC purchased a new stake in shares of ATN International in the 4th quarter valued at about $448,000. Hillsdale Investment Management Inc. bought a new stake in shares of ATN International during the 4th quarter valued at about $479,000. Ameriprise Financial Inc. boosted its position in shares of ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after acquiring an additional 2,397 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after purchasing an additional 27,714 shares in the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

About ATN International

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.