Atento S.A. (ATTO) Stock Rating Lowered by ValuEngine
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.
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.
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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