Atento S.A. (NYSE:ATTO) was upgraded by Zacks Investment Research from a “sell” 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. “

A number of other equities analysts have also issued reports on the company. ValuEngine raised Atento from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Barrington Research began coverage on Atento in a report on Monday, April 24th. They issued an “outperform” rating and a $14.00 price objective for the company.

Shares of Atento (NYSE:ATTO) traded down 0.92% on Monday, hitting $10.80. The stock had a trading volume of 15,654 shares. Atento has a one year low of $6.85 and a one year high of $10.95. The company has a market cap of $798.22 million, a price-to-earnings ratio of 57.75 and a beta of 0.02. The firm’s 50-day moving average is $10.22 and its 200-day moving average is $9.04.

Atento (NYSE:ATTO) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Atento had a return on equity of 11.78% and a net margin of 0.77%. The business had revenue of $468 million during the quarter, compared to analyst estimates of $442.32 million. During the same period in the prior year, the company posted $0.13 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts expect that Atento will post $0.72 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the stock. Newfoundland Capital Management raised its position in shares of Atento by 204.3% in the first quarter. Newfoundland Capital Management now owns 1,622,880 shares of the business services provider’s stock worth $14,810,000 after buying an additional 1,089,635 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Atento by 9,883.2% in the first quarter. Nationwide Fund Advisors now owns 428,280 shares of the business services provider’s stock worth $3,919,000 after buying an additional 423,990 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Atento by 16.6% in the first quarter. Wellington Management Group LLP now owns 2,739,190 shares of the business services provider’s stock worth $25,063,000 after buying an additional 390,573 shares during the last quarter. Morgan Stanley raised its position in shares of Atento 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. Finally, Royce & Associates LP raised its position in shares of Atento 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. 95.27% of the stock is owned by hedge funds and other institutional investors.

About Atento

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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