Atento S.A. (ATTO) Downgraded by BidaskClub to Buy
BidaskClub downgraded shares of Atento S.A. (NYSE:ATTO) from a strong-buy rating to a buy rating in a research note published on Wednesday morning.
A number of other equities analysts have also recently commented on the company. Barrington Research lifted their price target on Atento from $14.00 to $16.00 and gave the stock an outperform rating in a research note on Monday, August 21st. Zacks Investment Research raised Atento from a hold rating to a strong-buy rating and set a $14.00 price target on the stock in a research note on Thursday, July 27th. Bank of America Corporation lifted their price target on Atento from $11.00 to $13.00 and gave the stock a neutral rating in a research note on Tuesday, July 25th. Finally, ValuEngine raised Atento from a hold rating to a buy rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $14.33.
Shares of Atento (ATTO) opened at 11.85 on Wednesday. The firm’s 50-day moving average is $11.66 and its 200-day moving average is $10.05. Atento has a one year low of $6.85 and a one year high of $12.05. The company has a market cap of $875.82 million, a price-to-earnings ratio of 48.57 and a beta of 0.04.
Atento (NYSE:ATTO) last announced its quarterly earnings results on Monday, August 14th. The business services provider reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.01. The company had revenue of $473.70 million during the quarter, compared to analysts’ expectations of $464.12 million. Atento had a return on equity of 11.96% and a net margin of 0.99%. Atento’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. Analysts expect that Atento will post $0.80 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of ATTO. Goldman Sachs Group Inc. acquired a new position in Atento during the second quarter valued at about $115,000. Quantum Capital Management raised its stake in Atento by 1.1% in the second quarter. Quantum Capital Management now owns 16,911 shares of the business services provider’s stock valued at $189,000 after buying an additional 178 shares in the last quarter. Nationwide Fund Advisors raised its stake in Atento by 26.3% in the second quarter. Nationwide Fund Advisors now owns 540,844 shares of the business services provider’s stock valued at $6,030,000 after buying an additional 112,564 shares in the last quarter. Newfoundland Capital Management raised its stake in Atento by 4.1% in the second quarter. Newfoundland Capital Management now owns 1,689,408 shares of the business services provider’s stock valued at $18,837,000 after buying an additional 66,528 shares in the last quarter. Finally, Royce & Associates LP raised its stake in Atento by 5.7% in the second quarter. Royce & Associates LP now owns 722,601 shares of the business services provider’s stock valued at $8,057,000 after buying an additional 38,700 shares in the last quarter. 95.69% of the stock is currently owned by hedge funds and other institutional investors.
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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