ATN International (NASDAQ:ATNI) Rating Lowered to “Strong Sell” at Zacks Research

ATN International (NASDAQ:ATNI) was downgraded by equities research analysts at Zacks Research 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

NASDAQ:ATNI opened at $14.99 on Wednesday. The stock has a 50-day simple moving average of $16.00 and a two-hundred day simple moving average of $16.77. ATN International has a 52-week low of $13.76 and a 52-week high of $33.72. 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 capitalization of $228.70 million, a PE ratio of -4.45 and a beta of 0.64.

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

Hedge Funds Weigh In On ATN International

Several large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its position 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 acquiring an additional 2,397 shares in the last quarter. 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 buying an additional 68,407 shares in the last quarter. Gamco Investors INC. ET AL lifted its position 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 buying an additional 10,253 shares in the last quarter. Marshall Wace LLP lifted its position in shares of ATN International by 137.9% in the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after buying an additional 27,714 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of ATN International in the first quarter worth about $138,000. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

About ATN International

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.