Atento S.A. (NYSE:ATTO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

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. “

ATTO has been the subject of a number of other reports. 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 research note on Monday, August 21st. BidaskClub lowered shares of Atento from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Robert W. Baird reiterated a “buy” rating and set a $15.00 target price on shares of Atento in a research note on Sunday, October 22nd. ValuEngine upgraded shares of Atento from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, 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 research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.50.

Atento (NYSE ATTO) traded down $0.25 during mid-day trading on Friday, reaching $12.20. The company had a trading volume of 31,486 shares, compared to its average volume of 20,107. The firm has a market capitalization of $931.16 million, a P/E ratio of 17.26 and a beta of 0.05.

Atento (NYSE:ATTO) last released its quarterly earnings data on Monday, August 14th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $473.70 million during the quarter, compared to the consensus estimate of $464.12 million. Atento had a net margin of 0.52% and a return on equity of 12.63%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. equities research analysts anticipate that Atento will post 0.8 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Newfoundland Capital Management raised its stake in Atento by 4.1% during the 2nd quarter. Newfoundland Capital Management now owns 1,689,408 shares of the business services provider’s stock valued at $18,837,000 after buying an additional 66,528 shares during the last quarter. Royce & Associates LP raised its stake in Atento by 5.7% during the 2nd quarter. Royce & Associates LP now owns 722,601 shares of the business services provider’s stock valued at $8,057,000 after buying an additional 38,700 shares during the last quarter. Nationwide Fund Advisors raised its stake in Atento by 26.3% during the 2nd quarter. Nationwide Fund Advisors now owns 540,844 shares of the business services provider’s stock valued at $6,030,000 after buying an additional 112,564 shares during the last quarter. Eidelman Virant Capital purchased a new stake in Atento during the 2nd quarter valued at $2,523,000. Finally, Morgan Stanley increased its stake in shares of Atento by 51.8% in the 1st quarter. Morgan Stanley now owns 172,731 shares of the business services provider’s stock worth $1,580,000 after purchasing an additional 58,924 shares in the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

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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