ATN International Upgraded to Buy by StockNews.com

ATN International (NASDAQ:ATNI) has received a noteworthy update from analysts at StockNews.com, who have upgraded the company's rating from "hold" to "buy" in a report released on Thursday.

Recent Trading Activity

On Thursday, ATN International's stock saw a significant uptick, climbing by 6.3% to reach $19.27. During this time, 144,689 shares were traded, surpassing the usual volume of 100,675 shares. The company boasts a market capitalization of $291.25 million, with a PE ratio of -7.08 and a beta of 0.63. Its financial metrics show a current ratio of 1.21, a quick ratio of 1.15, and a debt-to-equity ratio of 0.95. Over the past 50 days, the simple moving average stood at $16.47, while the two-hundred day average was $22.17. The stock has fluctuated within a 12-month range, hitting a low of $14.74 and a high of $33.72.

Institutional Investor Activity

Recent changes in institutional ownership have been significant for ATN International. Tudor Investment Corp ET AL increased its stake in the company by 51.2% during the fourth quarter, now holding 42,360 shares worth $712,000 after adding another 14,344 shares. Meanwhile, Gamco Investors INC. ET AL raised their holdings dramatically by 389.0%, now owning 65,250 shares valued at $1,097,000 following an increase of 51,907 shares. Gabelli Funds LLC entered a new position worth approximately $2,367,000 in the same quarter, while Quantbot Technologies LP acquired a new stake valued at about $62,000. In addition, Bank of New York Mellon Corp boosted its position by 26.0% during the fourth quarter, owning 124,865 shares now valued at $2,099,000 after adding 25,727 shares. Overall, institutional investors and hedge funds control 65.50% of ATN International's stock.

Company Overview

ATN International, Inc. operates through its subsidiaries to offer digital infrastructure and communication services to a diverse clientele that includes residential, business, and government customers, both domestically and internationally. The company's operations fall under two main segments: International Telecom and US Telecom. Its service portfolio encompasses mobile, data, voice, broadband, and fixed communication, as well as handsets, accessories, wholesale roaming, long-distance voice services, and site maintenance.

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