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

Key Points

• ATN was downgraded by Wall Street Zen from "buy" to "hold" and by Weiss Ratings from "hold (c-)" to "sell (d+)", leaving a MarketBeat consensus rating of "Reduce".
• The company shows weak profitability — a negative net margin (-2.05%), negative ROE and a negative P/E — with analysts forecasting -0.73 EPS for the current fiscal year and the stock trading around $26 (52-week range $13.76–$30.45).
• Institutional investors own about 65.5% of ATNI, and several funds (including Segall Bryant & Hamill, Hillsdale and Marshall Wace) have recently added or increased positions.

ATN International (NASDAQ:ATNI - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Separately, Weiss Ratings downgraded ATN International from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, ATN International currently has a consensus rating of "Reduce".

ATN International Stock Performance

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

ATN International (NASDAQ:ATNI - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The technology company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $184.22 million for the quarter, compared to analysts' expectations of $183.60 million. ATN International had a negative net margin of 2.05% and a negative return on equity of 0.52%. Equities research analysts forecast that ATN International will post -0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ATNI. Strs Ohio bought a new position in shares of ATN International during the 1st quarter worth $138,000. Segall Bryant & Hamill LLC bought a new stake in ATN International in the 4th quarter valued at about $448,000. Hillsdale Investment Management Inc. purchased a new stake in ATN International during the fourth quarter valued at about $479,000. Ameriprise Financial Inc. lifted its holdings in ATN International by 7.2% during the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company's stock valued at $583,000 after purchasing an additional 2,397 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in 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 during the period. Hedge funds and other institutional investors own 65.50% of the company's stock.

ATN International Company Profile

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.

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