Atento SA (ATTO) Rating Lowered to Hold at Zacks Investment Research
Atento SA (NYSE:ATTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “Atento S.A. is a provider of customer relationship management and business process outsourcing (CRM BPO) services in Latin America and Spain. Its CRM BPO services include customer service, sales, credit management, technical support, back office, and service desk, as well as other BPO process services, such as training activities, workstation infrastructure, interactive voice response port implementation, telecommunications infrastructure, application development, and others. The Company’s clients are mostly multinational corporations in sectors such as telecommunications, banking and finance, health, consumption and public administration, among others. Atento S.A. is based in Luxembourg. “
Separately, TheStreet upgraded Atento SA from a “sell” rating to a “hold” rating in a report on Monday, July 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $10.84.
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Shares of Atento SA (NYSE:ATTO) traded up 1.79% during mid-day trading on Monday, hitting $9.10. 10,634 shares of the company’s stock were exchanged. The company has a market capitalization of $671.13 million, a price-to-earnings ratio of 72.80 and a beta of 0.08. The firm has a 50 day moving average price of $9.21 and a 200-day moving average price of $8.91. Atento SA has a 52 week low of $6.77 and a 52 week high of $11.56.
Atento SA (NYSE:ATTO) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Atento SA had a return on equity of 15.70% and a net margin of 0.51%. The firm had revenue of $482.40 million for the quarter, compared to the consensus estimate of $452.76 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that Atento SA will post $0.75 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP increased its position in shares of Atento SA by 36.0% in the fourth quarter. GSA Capital Partners LLP now owns 109,210 shares of the company’s stock valued at $1,064,000 after buying an additional 28,902 shares during the period. Morgan Stanley increased its position in shares of Atento SA by 77.2% in the fourth quarter. Morgan Stanley now owns 113,157 shares of the company’s stock valued at $1,102,000 after buying an additional 49,293 shares during the period. Royce & Associates LLC increased its position in shares of Atento SA by 10.2% in the fourth quarter. Royce & Associates LLC now owns 593,925 shares of the company’s stock valued at $5,785,000 after buying an additional 54,801 shares during the period. J. Goldman & Co LP bought a new position in shares of Atento SA during the fourth quarter valued at approximately $1,038,000. Finally, Ameriprise Financial Inc. increased its position in shares of Atento SA by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 873,974 shares of the company’s stock valued at $8,512,000 after buying an additional 14,722 shares during the period. Institutional investors own 95.81% of the company’s stock.
About Atento SA
Atento SA is a provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Company offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. The Company operates through three segments: EMEA, Americas and Brazil.
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