Atento SA (NYSE:ATTO) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday.

A number of other equities research analysts have also recently issued reports on ATTO. Zacks Investment Research cut shares of Atento SA from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 16th. Barrington Research started coverage on shares of Atento SA in a research note on Monday, April 24th. They issued an “outperform” rating and a $14.00 price target on the stock.

Atento SA (NYSE:ATTO) traded up 2.48% during trading on Wednesday, hitting $10.35. 31,630 shares of the stock traded hands. Atento SA has a 52-week low of $6.85 and a 52-week high of $10.55. The stock has a market cap of $764.96 million and a P/E ratio of 55.35. The stock has a 50 day moving average price of $9.42 and a 200-day moving average price of $8.76.

Atento SA (NYSE:ATTO) last released its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Atento SA had a negative net margin of 0.63% and a positive return on equity of 13.89%. The firm had revenue of $468 million for the quarter, compared to analysts’ expectations of $442.32 million. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts anticipate that Atento SA will post $0.78 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in ATTO. Quantum Capital Management raised its position in shares of Atento SA by 46.4% in the first quarter. Quantum Capital Management now owns 16,733 shares of the business services provider’s stock worth $153,000 after buying an additional 5,300 shares during the last quarter. Royce & Associates LP raised its position in shares of Atento SA by 2.8% in the fourth quarter. Royce & Associates LP now owns 691,625 shares of the business services provider’s stock worth $5,256,000 after buying an additional 18,900 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Atento SA during the third quarter worth $267,000. Newfoundland Capital Management purchased a new position in shares of Atento SA during the fourth quarter worth $5,263,000. Finally, Morgan Stanley raised its position in shares of Atento SA by 51.8% in the first quarter. Morgan Stanley now owns 172,731 shares of the business services provider’s stock worth $1,580,000 after buying an additional 58,924 shares during the last quarter. Institutional investors own 95.75% 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.

12 Month Chart for NYSE:ATTO

To view ValuEngine’s full report, visit ValuEngine’s official website.

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