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

Several other research firms have also recently commented on ATTO. Zacks Investment Research cut Atento from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Bank of America Corporation increased their target price on Atento from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, July 25th. BidaskClub cut Atento from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 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. Finally, Barrington Research increased their target price on Atento from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.50.

Atento (ATTO) traded down $0.85 during trading on Friday, hitting $9.15. The stock had a trading volume of 3,885,400 shares, compared to its average volume of 48,497. The stock has a market cap of $618.79, a PE ratio of 13.70, a P/E/G ratio of 0.85 and a beta of 0.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.58 and a current ratio of 1.58. Atento has a 12 month low of $6.85 and a 12 month high of $12.90.

Atento (NYSE:ATTO) last released its earnings results on Monday, August 14th. The business services provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The business had revenue of $473.70 million for the quarter, compared to analysts’ expectations of $464.12 million. Atento had a net margin of 0.52% and a return on equity of 12.63%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 earnings per share. equities analysts forecast that Atento will post 0.78 EPS 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 stock. Macquarie Group Ltd. bought a new position in Atento during the third quarter worth $660,000. Smith Moore & CO. bought a new position in Atento during the third quarter worth $232,000. Edinburgh Partners Ltd lifted its stake in Atento by 237.3% during the third quarter. Edinburgh Partners Ltd now owns 98,500 shares of the business services provider’s stock worth $1,143,000 after purchasing an additional 69,300 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Atento during the second quarter worth $115,000. Finally, Quantum Capital Management lifted its stake in Atento by 1.1% during the second 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. Hedge funds and other institutional investors own 95.73% 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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