Atento S.A. (NYSE:ATTO) had its price objective upped by Barrington Research from $14.00 to $16.00 in a report published on Monday. The brokerage currently has an outperform rating on the business services provider’s stock.

ATTO has been the subject of several other reports. Zacks Investment Research upgraded shares of Atento from a sell rating to a hold rating in a report on Monday, April 24th. ValuEngine upgraded shares of Atento from a hold rating to a buy rating in a report on Friday, June 2nd. Finally, Bank of America Corporation lifted their target price on shares of Atento from $11.00 to $13.00 and gave the company a neutral rating in a report on Tuesday, July 25th.

Atento (ATTO) opened at 11.80 on Monday. Atento has a 1-year low of $6.85 and a 1-year high of $12.05. The company’s 50-day moving average price is $11.59 and its 200-day moving average price is $9.99. The firm has a market capitalization of $872.13 million, a P/E ratio of 48.36 and a beta of 0.04.

Atento (NYSE:ATTO) last released its earnings results on Monday, August 14th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Atento had a net margin of 0.99% and a return on equity of 11.96%. The business had revenue of $473.70 million for the quarter, compared to analysts’ expectations of $464.12 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. Atento’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts expect that Atento will post $0.76 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Quantum Capital Management raised its position in Atento by 46.4% in the first quarter. Quantum Capital Management now owns 16,733 shares of the business services provider’s stock valued at $153,000 after buying an additional 5,300 shares during the last quarter. Eidelman Virant Capital purchased a new position in shares of Atento during the second quarter worth $2,523,000. Newfoundland Capital Management raised its position in shares of Atento by 204.3% in the first quarter. Newfoundland Capital Management now owns 1,622,880 shares of the business services provider’s stock worth $14,810,000 after buying an additional 1,089,635 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Atento by 16.6% in the first quarter. Wellington Management Group LLP now owns 2,739,190 shares of the business services provider’s stock worth $25,063,000 after buying an additional 390,573 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Atento by 9,883.2% in the first quarter. Nationwide Fund Advisors now owns 428,280 shares of the business services provider’s stock worth $3,919,000 after buying an additional 423,990 shares during the last quarter. Hedge funds and other institutional investors own 95.73% of the company’s stock.

Atento 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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