ATN International (NASDAQ:ATNI) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of ATN International (NASDAQ:ATNI) from a buy rating to a hold rating in a research note released on Saturday morning.

Separately, Weiss Ratings cut ATN International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

ATN International Stock Performance

Shares of NASDAQ ATNI opened at $27.03 on Friday. The firm has a fifty day moving average price of $25.63 and a 200-day moving average price of $20.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.25 and a quick ratio of 1.19. The stock has a market cap of $415.45 million, a PE ratio of -19.45, a price-to-earnings-growth ratio of 4.22 and a beta of 0.51. ATN International has a 1 year low of $13.76 and a 1 year high of $30.45.

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

ATN International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. ATN International’s payout ratio is -79.14%.

Hedge Funds Weigh In On ATN International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in ATN International during the 1st quarter valued at approximately $138,000. Segall Bryant & Hamill LLC purchased a new stake in shares of ATN International during the 4th quarter worth approximately $448,000. Hillsdale Investment Management Inc. bought a new position in shares of ATN International during the 4th quarter valued at approximately $479,000. Ameriprise Financial Inc. boosted its position in shares of 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 acquiring an additional 2,397 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings 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 valued at $777,000 after purchasing an additional 27,714 shares in the last quarter. 65.50% of the stock is 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.