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.

ILLEGAL ACTIVITY WARNING: This article was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.thecerbatgem.com/2017/08/31/atento-s-a-atto-downgraded-by-bidaskclub-to-buy.html.

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.

About Atento

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.

Receive News & Stock Ratings for Atento S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atento S.A. and related stocks with our FREE daily email newsletter.