Shares of Atento S.A. (NYSE:ATTO) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.33.

ATTO has been the topic of a number of recent analyst reports. Bank of America Corporation increased their price objective on shares of Atento from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, July 25th. BidaskClub downgraded shares of Atento from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 30th. ValuEngine raised shares of Atento from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Atento from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research report on Thursday, July 27th. Finally, Robert W. Baird reissued a “buy” rating on shares of Atento in a research report on Tuesday.

Shares of Atento (ATTO) remained flat at $12.00 during trading on Tuesday. 13,381 shares of the company were exchanged. The firm has a market cap of $886.91 million, a P/E ratio of 49.18 and a beta of 0.04. The firm has a 50 day moving average price of $11.87 and a 200 day moving average price of $10.40. Atento has a one year low of $6.85 and a one year high of $12.10.

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 Zacks’ consensus estimate of $0.14 by ($0.01). The business had revenue of $473.70 million for the quarter, compared to analyst estimates of $464.12 million. Atento had a return on equity of 11.96% and a net margin of 0.99%. Atento’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. On average, analysts anticipate that Atento will post $0.80 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new stake in shares of Atento in the 2nd quarter valued at approximately $115,000. Quantum Capital Management increased its position in shares of Atento by 1.1% in the 2nd quarter. Quantum Capital Management now owns 16,911 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 178 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Atento by 26.3% in the 2nd quarter. Nationwide Fund Advisors now owns 540,844 shares of the business services provider’s stock valued at $6,030,000 after purchasing an additional 112,564 shares during the last quarter. Newfoundland Capital Management increased its position in shares of Atento by 4.1% in the 2nd quarter. Newfoundland Capital Management now owns 1,689,408 shares of the business services provider’s stock valued at $18,837,000 after purchasing an additional 66,528 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of Atento by 5.7% in the 2nd quarter. Royce & Associates LP now owns 722,601 shares of the business services provider’s stock valued at $8,057,000 after purchasing an additional 38,700 shares during the last quarter. 95.69% of the stock is currently owned by institutional investors.

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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.

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