Atento SA (NYSE:ATTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.84.

Shares of Atento SA (NYSE:ATTO) traded up 1.79% on Monday, reaching $9.10. 10,634 shares of the company were exchanged. Atento SA has a 1-year low of $6.77 and a 1-year high of $11.56. The stock has a market capitalization of $671.13 million, a PE ratio of 72.80 and a beta of 0.08. The company has a 50-day moving average price of $9.21 and a 200 day moving average price of $8.91.

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, hitting the Zacks’ consensus estimate of $0.13. The firm earned $482.40 million during the quarter, compared to the consensus estimate of $452.76 million. Atento SA had a net margin of 0.51% and a return on equity of 15.70%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. On average, analysts forecast that Atento SA will post $0.75 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the company. Edinburgh Partners Ltd increased its stake in shares of 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 period. Quantum Capital Management increased its stake in shares of 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 period. Renaissance Technologies LLC increased its stake in shares of 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 period. Royce & Associates LP increased its stake in shares of 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 period. Finally, Wellington Management Group LLP increased its stake in shares of Atento SA by 31.8% in the first quarter. Wellington Management Group LLP now owns 1,697,269 shares of the company’s stock valued at $13,901,000 after buying an additional 409,230 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

About Atento SA

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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