ATN International (NASDAQ:ATNI) Rating Increased to Buy at Wall Street Zen

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

Other research analysts have also issued reports about the company. Zacks Research upgraded ATN International from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of ATN International in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $22.00.

ATN International Stock Up 5.5%

Shares of ATNI opened at $18.00 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.22 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average price of $15.32 and a two-hundred day moving average price of $15.93. The stock has a market cap of $274.63 million, a price-to-earnings ratio of -5.34 and a beta of 0.61. ATN International has a 12 month low of $13.76 and a 12 month high of $23.60.

ATN International (NASDAQ:ATNI) last released its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.24. ATN International had a negative return on equity of 0.61% and a negative net margin of 6.26%.The company had revenue of $183.17 million for the quarter, compared to analyst estimates of $182.40 million. ATN International has set its FY 2025 guidance at EPS. Equities analysts predict that ATN International will post -0.73 EPS for the current fiscal year.

ATN International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Tuesday, September 30th. ATN International’s dividend payout ratio is presently -118.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its holdings in ATN International by 357.2% during the 1st quarter. Russell Investments Group Ltd. now owns 4,229 shares of the technology company’s stock worth $86,000 after acquiring an additional 3,304 shares during the last quarter. Strs Ohio acquired a new position in shares of ATN International during the first quarter worth approximately $138,000. Ameriprise Financial Inc. grew its stake in shares of ATN International by 7.2% during 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 last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of ATN International in the first quarter valued at approximately $632,000. Finally, Keeley Teton Advisors LLC raised its position in ATN International by 36.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 31,954 shares of the technology company’s stock worth $649,000 after purchasing an additional 8,525 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

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.