ATN International (NASDAQ:ATNI) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of ATN International (NASDAQ:ATNI) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

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

ATN International Stock Performance

NASDAQ:ATNI opened at $26.17 on Friday. The firm has a market capitalization of $402.23 million, a PE ratio of -18.83, a PEG ratio of 4.22 and a beta of 0.52. The stock’s fifty day moving average is $25.54 and its 200 day moving average is $20.82. ATN International has a fifty-two week low of $13.76 and a fifty-two week high of $30.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.21 and a current ratio of 1.25.

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

ATN International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 31st. ATN International’s payout ratio is currently -79.14%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in ATN International in the 1st quarter valued at about $138,000. Marshall Wace LLP increased its position 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 acquiring an additional 27,714 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of ATN International by 17.1% during the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after acquiring an additional 10,253 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of ATN International by 54.7% during the second quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company’s stock valued at $3,143,000 after acquiring an additional 68,407 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of ATN International by 7.2% in 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 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.