Atento SA (ATTO) Receives Consensus Rating of “Buy” from Brokerages
Shares of Atento SA (NYSE:ATTO) have been given a consensus rating of “Buy” by the six analysts that are currently covering the stock. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $11.45.
A number of brokerages have recently issued reports on ATTO. Zacks Investment Research raised Atento SA from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a research note on Tuesday, July 26th. TheStreet raised Atento SA from a “sell” rating to a “hold” rating in a research note on Monday, July 11th.
Several hedge funds have recently bought and sold shares of ATTO. Edinburgh Partners Ltd boosted its stake in Atento SA by 22.2% in the third quarter. Edinburgh Partners Ltd now owns 22,000 shares of the company’s stock valued at $187,000 after buying an additional 4,000 shares during the last quarter. Royce & Associates LP boosted its stake in Atento SA by 34.0% in the second quarter. Royce & Associates LP now owns 669,025 shares of the company’s stock valued at $5,961,000 after buying an additional 169,900 shares during the last quarter. Quantum Capital Management boosted its stake in Atento SA by 44.2% in the first quarter. Quantum Capital Management now owns 15,472 shares of the company’s stock valued at $127,000 after buying an additional 4,741 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Atento SA by 43.8% in the first quarter. Renaissance Technologies LLC now owns 148,500 shares of the company’s stock valued at $1,216,000 after buying an additional 45,208 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Atento SA by 31.8% in the first quarter. Wellington Management Group LLP now owns 1,697,269 shares of the company’s stock valued at $13,901,000 after buying an additional 409,230 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.
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Shares of Atento SA (NYSE:ATTO) traded up 0.67% during mid-day trading on Monday, reaching $9.00. The company’s stock had a trading volume of 4,001 shares. Atento SA has a 12 month low of $6.77 and a 12 month high of $11.56. The company has a market cap of $663.76 million, a P/E ratio of 72.00 and a beta of 0.08. The company has a 50-day moving average of $9.21 and a 200-day moving average of $8.91.
Atento SA (NYSE:ATTO) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate 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 analysts’ expectations of $452.76 million. During the same period last year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts forecast that Atento SA will post $0.75 earnings per share for the current fiscal year.
Atento SA Company Profile
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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