Atento S.A. (NYSE:ATTO) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other analysts have also recently issued research reports about the stock. BidaskClub cut shares of Atento from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Atento from a “sell” rating to a “hold” rating in a report on Monday, June 26th. Bank of America Corporation boosted their target price on shares of Atento from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, July 25th. Finally, Barrington Research boosted their target price on shares of Atento from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, August 21st. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $14.33.

Atento (NYSE ATTO) traded up 0.42% on Friday, reaching $11.95. 9,765 shares of the company’s stock traded hands. The company has a market cap of $883.21 million, a PE ratio of 48.98 and a beta of 0.04. Atento has a 12 month low of $6.85 and a 12 month high of $12.05. The firm’s 50 day moving average price is $11.76 and its 200 day moving average price is $10.15.

Atento (NYSE:ATTO) last announced its earnings results on Monday, August 14th. The business services provider reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.01. Atento had a net margin of 0.99% and a return on equity of 11.96%. The business had revenue of $473.70 million for the quarter, compared to the consensus estimate of $464.12 million. During the same quarter last year, the firm posted $0.13 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts expect that Atento will post $0.80 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new position in shares of Atento in the 2nd quarter worth about $115,000. Quantum Capital Management raised its position in shares of Atento by 1.1% in the 2nd quarter. Quantum Capital Management now owns 16,911 shares of the business services provider’s stock worth $189,000 after purchasing an additional 178 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Atento by 26.3% in the 2nd quarter. Nationwide Fund Advisors now owns 540,844 shares of the business services provider’s stock worth $6,030,000 after purchasing an additional 112,564 shares during the last quarter. Newfoundland Capital Management raised its position in shares of Atento by 4.1% in the 2nd quarter. Newfoundland Capital Management now owns 1,689,408 shares of the business services provider’s stock worth $18,837,000 after purchasing an additional 66,528 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Atento by 5.7% in the 2nd quarter. Royce & Associates LP now owns 722,601 shares of the business services provider’s stock worth $8,057,000 after purchasing an additional 38,700 shares during the last quarter. 95.69% of the stock is owned by hedge funds and other institutional investors.

Atento 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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