ValuEngine cut shares of Atento S.A. (NYSE:ATTO) from a buy rating to a hold rating in a research note issued to investors on Friday.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Atento from a hold rating to a sell rating in a report on Friday, November 3rd. Robert W. Baird reiterated a buy rating and issued a $15.00 price objective on shares of Atento in a report on Sunday, October 22nd. BidaskClub cut shares of Atento from a buy rating to a hold rating in a report on Saturday, September 30th. Barrington Research increased their price objective on shares of Atento from $14.00 to $16.00 and gave the company an outperform rating in a report on Monday, August 21st. Finally, 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 report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $14.50.

Atento (NYSE:ATTO) opened at $9.10 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.09. The stock has a market cap of $676.27, a P/E ratio of 12.53, a PEG ratio of 0.78 and a beta of 0.05. Atento has a 1-year low of $6.85 and a 1-year high of $12.90.

Atento (NYSE:ATTO) last posted its quarterly earnings data on Monday, August 14th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $473.70 million during the quarter, compared to the consensus estimate of $464.12 million. Atento had a net margin of 0.52% and a return on equity of 12.63%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. analysts anticipate that Atento will post 0.78 EPS for the current fiscal year.

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The firm also recently announced an annual dividend, which will be paid on Tuesday, November 28th. Investors of record on Friday, November 10th will be paid a dividend of $0.338 per share. The ex-dividend date of this dividend is Thursday, November 9th. Atento’s dividend payout ratio is presently 242.86%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Quantum Capital Management lifted its stake in Atento by 1.1% during the second 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. Goldman Sachs Group Inc. acquired a new stake in Atento during the second quarter valued at approximately $115,000. Sei Investments Co. lifted its stake in Atento by 402.0% during the second quarter. Sei Investments Co. now owns 14,735 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 11,800 shares during the last quarter. Smith Moore & CO. purchased a new stake in shares of Atento in the 3rd quarter valued at approximately $232,000. Finally, Royce & Associates LP lifted 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 acquiring an additional 38,700 shares in the last quarter. 95.75% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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