Zacks Investment Research Lowers Atento (ATTO) to Sell
Zacks Investment Research cut shares of Atento (NYSE:ATTO) from a hold rating to a sell rating in a research report sent to investors on Tuesday.
According to Zacks, “Atento S.A. is a provider of customer relationship management and business process outsourcing (CRM BPO) services in Latin America and Spain. Its CRM BPO services include customer service, sales, credit management, technical support, back office, and service desk, as well as other BPO process services, such as training activities, workstation infrastructure, interactive voice response port implementation, telecommunications infrastructure, application development, and others. The Company’s clients are mostly multinational corporations in sectors such as telecommunications, banking and finance, health, consumption and public administration, among others. Atento S.A. is based in Luxembourg. “
Other equities research analysts have also issued research reports about the company. Barrington Research set a $16.00 price target on Atento and gave the stock a buy rating in a research note on Wednesday, December 20th. ValuEngine raised Atento from a hold rating to a buy rating in a research note on Wednesday, December 6th. Finally, BidaskClub lowered Atento from a hold rating to a sell rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $14.50.
A number of hedge funds have recently bought and sold shares of ATTO. State of Tennessee Treasury Department purchased a new stake in Atento in the 4th quarter valued at approximately $109,000. Goldman Sachs Group Inc. purchased a new stake in Atento in the 2nd quarter valued at approximately $115,000. Virtu Financial LLC purchased a new stake in Atento in the 4th quarter valued at approximately $235,000. Citadel Advisors LLC purchased a new stake in Atento in the 4th quarter valued at approximately $292,000. Finally, Two Sigma Advisers LP purchased a new stake in Atento in the 4th quarter valued at approximately $320,000. 95.08% of the stock is currently owned by hedge funds and other institutional investors.
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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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