Atento S.A. (NYSE:ATTO) has been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $14.33.

A number of research firms have commented on ATTO. BidaskClub downgraded shares of Atento from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Robert W. Baird reaffirmed a “buy” rating on shares of Atento in a research report on Tuesday, September 19th. ValuEngine raised shares of Atento from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Barrington Research lifted their target price on shares of Atento from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, August 21st. Finally, Zacks Investment Research raised shares of Atento from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research report on Thursday, July 27th.

A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its position in Atento by 16.6% in the 1st quarter. Wellington Management Group LLP now owns 2,739,190 shares of the business services provider’s stock worth $25,063,000 after purchasing an additional 390,573 shares during the period. Newfoundland Capital Management grew its position in Atento by 4.1% in the 2nd quarter. Newfoundland Capital Management now owns 1,689,408 shares of the business services provider’s stock worth $18,837,000 after purchasing an additional 66,528 shares during the period. Royce & Associates LP grew its position in Atento by 5.7% in the 2nd quarter. Royce & Associates LP now owns 722,601 shares of the business services provider’s stock worth $8,057,000 after purchasing an additional 38,700 shares during the period. Nationwide Fund Advisors grew its position in Atento by 26.3% in the 2nd quarter. Nationwide Fund Advisors now owns 540,844 shares of the business services provider’s stock worth $6,030,000 after purchasing an additional 112,564 shares during the period. Finally, Eidelman Virant Capital bought a new stake in Atento in the 2nd quarter worth approximately $2,523,000. 95.69% of the stock is owned by institutional investors and hedge funds.

Atento (ATTO) traded down 0.86% during trading on Friday, reaching $11.55. The company had a trading volume of 13,594 shares. The firm has a market capitalization of $853.65 million, a PE ratio of 47.34 and a beta of 0.03. The firm’s 50 day moving average price is $11.82 and its 200 day moving average price is $10.90. Atento has a 12-month low of $6.85 and a 12-month high of $12.30.

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

TRADEMARK VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/19/brokerages-set-atento-s-a-atto-pt-at-14-33.html.

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.

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.