ATN International's (ATNI) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• ATN International's stock remains under pressure, reaffirmed with a "sell (d)" rating by Weiss Ratings, while Zacks Research has downgraded it from "hold" to "strong sell."
• The company's stock price rose slightly to $14.74, with a significant drop from a 1-year high of $33.72.
• ATN International reported a loss of ($0.24) earnings per share for the last quarter, missing analysts' expectations and reflecting ongoing financial challenges.

ATN International (NASDAQ:ATNI - Get Free Report)'s stock had its "sell (d)" rating restated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Zacks Research cut shares of ATN International from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, ATN International has a consensus rating of "Reduce" and a consensus price target of $26.00.

ATN International Price Performance

ATN International stock traded up $0.38 during mid-day trading on Wednesday, reaching $14.74. The company had a trading volume of 23,152 shares, compared to its average volume of 56,194. ATN International has a 1 year low of $13.76 and a 1 year high of $33.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.22 and a quick ratio of 1.16. The company has a market capitalization of $224.93 million, a P/E ratio of -4.37 and a beta of 0.64. The stock's 50-day simple moving average is $15.82 and its 200-day simple moving average is $16.56.

ATN International (NASDAQ:ATNI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.17). ATN International had a negative return on equity of 0.61% and a negative net margin of 6.26%.The business had revenue of $181.30 million for the quarter, compared to analysts' expectations of $184.67 million. ATN International has set its FY 2025 guidance at EPS. On average, equities analysts predict that ATN International will post -0.73 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ATNI. Gabelli Funds LLC lifted its position in shares of ATN International by 54.7% in the second quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company's stock worth $3,143,000 after purchasing an additional 68,407 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of ATN International by 17.1% in the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company's stock worth $1,141,000 after acquiring an additional 10,253 shares during the last quarter. Marshall Wace LLP raised its holdings in ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company's stock valued at $777,000 after buying an additional 27,714 shares during the last quarter. Ameriprise Financial Inc. increased its position in 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 purchasing an additional 2,397 shares during the period. Finally, Keeley Teton Advisors LLC grew its position in shares of ATN International by 36.4% during the 1st quarter. Keeley Teton Advisors LLC now owns 31,954 shares of the technology company's stock worth $649,000 after buying an additional 8,525 shares during the period. Institutional investors and hedge funds own 65.50% of the company's stock.

ATN International Company Profile

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.

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