ATN International (NASDAQ:ATNI) Rating Increased to Buy at Wall Street Zen
Wall Street Zen has upgraded ATN International (NASDAQ:ATNI) from a "hold" to a "buy" rating. The stock opened at $18.00, showing a 5.5% increase. ATN International reported earnings of $0.18 per share, surpassing estimates. The company has a market cap of $274.63 million and a negative net margin of 6.26%. Institutional investors hold 65.50% of the stock, with recent increases in holdings from several firms. Analysts forecast a consensus rating of "Reduce" with an average price target of $22.00.
ATN International (NASDAQ:ATNI - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.
- ATN International: A Deep Value Play With a High-Powered Dividend
A number of other brokerages also recently issued reports on ATNI. Zacks Research upgraded shares of ATN International from a "strong sell" rating to a "hold" rating in a report on Thursday, October 30th. Weiss Ratings reiterated a "sell (d)" rating on shares of ATN International in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $22.00.
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ATN International Stock Up 5.5%
Shares of ATNI opened at $18.00 on Friday. ATN International has a 52-week low of $13.76 and a 52-week high of $23.60. The company has a market capitalization of $274.63 million, a PE ratio of -5.34 and a beta of 0.61. The stock has a fifty day simple moving average of $15.32 and a two-hundred day simple moving average of $15.94. The company has a quick ratio of 1.16, a current ratio of 1.22 and a debt-to-equity ratio of 1.00.
ATN International (NASDAQ:ATNI - Get Free Report) last announced its quarterly earnings results 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 net margin of 6.26% and a negative return on equity of 0.61%. The firm had revenue of $183.17 million for the quarter, compared to analysts' expectations of $182.40 million. ATN International has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that ATN International will post -0.73 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ATNI. Ameriprise Financial Inc. grew its holdings in ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company's stock worth $583,000 after acquiring an additional 2,397 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of 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 purchasing 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 $138,000. Keeley Teton Advisors LLC increased its holdings in 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 buying an additional 8,525 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in 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 valued at $1,141,000 after buying an additional 10,253 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company's stock.
ATN International Company Profile
(Get Free Report)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.
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