ATN International (NASDAQ:ATNI) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of ATN International (NASDAQ:ATNI) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday,Zacks.com reports.

ATN International Stock Performance

Shares of NASDAQ ATNI opened at $14.99 on Wednesday. The stock has a fifty day moving average price of $16.00 and a two-hundred day moving average price of $16.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.22. The firm has a market cap of $228.70 million, a P/E ratio of -4.45 and a beta of 0.64. ATN International has a 1 year low of $13.76 and a 1 year high of $33.72.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.17). The firm had revenue of $181.30 million for the quarter, compared to the consensus estimate of $184.67 million. ATN International had a negative net margin of 6.26% and a negative return on equity of 0.61%. ATN International has set its FY 2025 guidance at EPS. Research analysts forecast that ATN International will post -0.73 EPS for the current fiscal year.

ATN International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Tuesday, September 30th. ATN International’s dividend payout ratio (DPR) is presently -32.64%.

Institutional Investors Weigh In On ATN International

Several large investors have recently modified their holdings of ATNI. Versant Capital Management Inc lifted its holdings in shares of ATN International by 4,208.3% in the first quarter. Versant Capital Management Inc now owns 1,551 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,515 shares in the last quarter. Ameriprise Financial Inc. lifted 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 in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of ATN International by 357.2% in the first quarter. Russell Investments Group Ltd. now owns 4,229 shares of the technology company’s stock valued at $86,000 after purchasing an additional 3,304 shares in the last quarter. Strs Ohio purchased a new stake in shares of ATN International in the first quarter valued at $138,000. Finally, Keeley Teton Advisors LLC lifted its holdings in shares of ATN International by 36.4% in the first quarter. Keeley Teton Advisors LLC now owns 31,954 shares of the technology company’s stock valued at $649,000 after purchasing an additional 8,525 shares in the last quarter. 65.50% of the stock is owned by institutional investors.

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.