Atento SA (ATTO) Upgraded to Buy at Zacks Investment Research
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. “
Separately, TheStreet raised shares of Atento SA from a sell rating to a hold rating in a research report on Monday, July 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $10.84.
Shares of Atento SA (NYSE:ATTO) opened at 8.74 on Tuesday. The company has a market cap of $644.58 million, a P/E ratio of 69.92 and a beta of 0.07. Atento SA has a one year low of $6.77 and a one year high of $11.56. The stock’s 50 day moving average is $9.46 and its 200-day moving average is $8.87.
Atento SA (NYSE:ATTO) last posted its earnings results on Tuesday, August 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The business had revenue of $482.40 million for the quarter, compared to analysts’ expectations of $452.76 million. Atento SA had a net margin of 0.51% and a return on equity of 15.70%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. Equities research analysts forecast that Atento SA will post $0.75 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of ATTO. Quantum Capital Management increased its position in Atento SA by 44.2% in the first quarter. Quantum Capital Management now owns 15,472 shares of the company’s stock valued at $127,000 after buying an additional 4,741 shares during the last quarter. Edinburgh Partners Ltd increased its position in Atento SA by 25.9% in the second quarter. Edinburgh Partners Ltd now owns 18,000 shares of the company’s stock valued at $160,000 after buying an additional 3,700 shares during the last quarter. Renaissance Technologies LLC increased its position in Atento SA by 43.8% in the first quarter. Renaissance Technologies LLC now owns 148,500 shares of the company’s stock valued at $1,216,000 after buying an additional 45,208 shares during the last quarter. Royce & Associates LP increased its position in Atento SA by 34.0% in the second quarter. Royce & Associates LP now owns 669,025 shares of the company’s stock valued at $5,961,000 after buying an additional 169,900 shares during the last quarter. Finally, Mason Hill Advisors LLC increased its position in Atento SA by 58.3% in the first quarter. Mason Hill Advisors LLC now owns 1,417,013 shares of the company’s stock valued at $11,605,000 after buying an additional 521,754 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.
Atento SA 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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