Atento SA (ATTO) Rating Increased to Buy at Zacks Investment Research
Atento SA (NYSE:ATTO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $9.75 price objective on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 11.17% from the stock’s current price.
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. “
Separately, TheStreet upgraded shares of Atento SA from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $10.84.
Atento SA (NYSE:ATTO) opened at 8.78 on Tuesday. The firm has a market capitalization of $647.53 million, a price-to-earnings ratio of 70.24 and a beta of 0.07. The firm has a 50-day moving average of $9.43 and a 200-day moving average of $8.87. Atento SA has a 1-year low of $6.77 and a 1-year high of $11.56.
Atento SA (NYSE:ATTO) last announced its earnings results on Tuesday, August 2nd. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business earned $482.40 million during the quarter, compared to the consensus estimate of $452.76 million. Atento SA had a net margin of 0.51% and a return on equity of 15.70%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, analysts expect that Atento SA will post $0.75 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in ATTO. Quantum Capital Management increased its position in shares of Atento SA by 44.2% in the first quarter. Quantum Capital Management now owns 15,472 shares of the company’s stock valued at $127,000 after buying an additional 4,741 shares during the period. Edinburgh Partners Ltd increased its position in shares of Atento SA by 25.9% in the second quarter. Edinburgh Partners Ltd now owns 18,000 shares of the company’s stock valued at $160,000 after buying an additional 3,700 shares during the period. Renaissance Technologies LLC increased its position in shares of Atento SA by 43.8% in the first quarter. Renaissance Technologies LLC now owns 148,500 shares of the company’s stock valued at $1,216,000 after buying an additional 45,208 shares during the period. Royce & Associates LP increased its position in shares of Atento SA by 34.0% in the second quarter. Royce & Associates LP now owns 669,025 shares of the company’s stock valued at $5,961,000 after buying an additional 169,900 shares during the period. Finally, Mason Hill Advisors LLC increased its position in shares of Atento SA by 58.3% in the first quarter. Mason Hill Advisors LLC now owns 1,417,013 shares of the company’s stock valued at $11,605,000 after buying an additional 521,754 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.
Atento SA 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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