ATN International (NASDAQ:ATNI) Rating Lowered to “Hold” at 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 note issued to investors on Saturday.

Separately, Weiss Ratings lowered ATN International from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Hold rating and one has issued 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 Down 1.0%

NASDAQ ATNI opened at $26.17 on Friday. ATN International has a twelve month low of $13.76 and a twelve month high of $30.45. The stock has a market cap of $402.18 million, a PE ratio of -18.83, a PEG ratio of 4.22 and a beta of 0.52. The firm has a 50-day simple moving average of $25.54 and a 200 day simple moving average of $20.85. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.19 and a current ratio of 1.25.

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

Institutional Investors Weigh In On ATN International

Several large investors have recently modified their holdings of the stock. Gabelli Funds LLC raised its holdings in shares of ATN International by 54.7% in the 2nd quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company’s stock worth $3,143,000 after buying an additional 68,407 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in ATN International by 5.6% in the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after acquiring an additional 35,394 shares during the period. Marshall Wace LLP grew its position in ATN International by 137.9% in the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after acquiring an additional 27,714 shares during the period. Hillsdale Investment Management Inc. acquired a new position in ATN International during the fourth quarter worth $479,000. Finally, Segall Bryant & Hamill LLC acquired a new position in ATN International during the fourth quarter worth $448,000. 65.50% of the stock is currently owned by institutional investors.

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.