Shares of Atento SA (NYSE:ATTO) have been given an average recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.67.
ATTO has been the topic of a number of recent analyst reports. Barrington Research set a $16.00 target price on Atento and gave the stock a “buy” rating in a research note on Wednesday, December 20th. ValuEngine upgraded Atento from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Robert W. Baird reiterated a “buy” rating and issued a $15.00 target price on shares of Atento in a research note on Sunday, October 22nd. BidaskClub lowered Atento from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Finally, Zacks Investment Research downgraded Atento from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd.
Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in Atento by 84.0% during the fourth quarter. Acadian Asset Management LLC now owns 1,032,432 shares of the business services provider’s stock valued at $10,480,000 after purchasing an additional 471,284 shares in the last quarter. Nationwide Fund Advisors boosted its position in Atento by 26.3% during the second quarter. Nationwide Fund Advisors now owns 540,844 shares of the business services provider’s stock valued at $6,030,000 after purchasing an additional 112,564 shares in the last quarter. Edinburgh Partners Ltd boosted its position in Atento by 237.3% during the third quarter. Edinburgh Partners Ltd now owns 98,500 shares of the business services provider’s stock valued at $1,143,000 after purchasing an additional 69,300 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Atento during the third quarter valued at about $660,000. Finally, Smith Moore & CO. bought a new stake in Atento during the third quarter valued at about $232,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.
Atento (NYSE:ATTO) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Atento had a return on equity of 12.63% and a net margin of 0.52%. sell-side analysts expect that Atento will post 0.77 EPS for the current year.
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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