In a year marked by significant volatility, Atlantic Tele-Network Inc. (ATNI) stock has recorded a new 52-week low, reaching a price level of $16.04. According to InvestingPro analysis, the stock appears undervalued at current levels. This latest dip underscores a challenging period for the telecommunications company, which has seen its stock price plummet by 58.29% over the past year. Despite these challenges, ATNI maintains a notable 5.8% dividend yield and has sustained dividend payments for 27 consecutive years. The company's debt-to-equity ratio of 1.44 and current ratio of 1.21 reflect its financial position. The 52-week low serves as a stark indicator of the hurdles the company faces, as it strives to adapt and reposition itself in a competitive market. For deeper insights into ATNI's financial health and additional ProTips, visit InvestingPro, where you'll find comprehensive analysis in the Pro Research Report.
In other recent news, ATN International (NASDAQ:ATNI) reported its Q3 2024 results, revealing a decrease in total revenue and a significant net loss. The company's total revenue for the quarter was $178.5 million, a 7% decline from the previous year, primarily due to the end of government programs and a drop in construction revenues. The operating loss was $38.4 million, significantly impacted by a non-cash goodwill impairment charge of $35.3 million, while the net loss for the quarter was $32.7 million, or $2.26 per share.
ATN International's international segment revenue remained steady at $94.3 million, with adjusted EBITDA up 17.3%. However, U.S. segment revenue declined by 13% to $84.2 million, with a 34.1% decrease in adjusted EBITDA. For the full year of 2024, the company has adjusted its revenue guidance to $720 million to $730 million, with revised adjusted EBITDA expectations of $182 million to $188 million.
Despite these challenges, ATN International remains committed to strategic investments in fiber-based projects, with a focus on improving cash flow and margins. The company remains optimistic about its international business and expects a recovery of construction revenues in 2025. These are among the recent developments for ATN International.
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