ValuEngine Upgrades Atento S.A. (ATTO) to “Buy”

Atento S.A. (NYSE:ATTO) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, September 1st.

Other equities research analysts also recently issued reports about the stock. Bank of America Corporation boosted their price objective on shares of Atento from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Atento from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. BidaskClub downgraded shares of Atento from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 30th. Finally, Barrington Research upped their target price on shares of Atento from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Atento presently has an average rating of “Buy” and a consensus price target of $14.33.

Atento (NYSE ATTO) opened at 12.00 on Friday. The company has a 50-day moving average price of $11.87 and a 200 day moving average price of $10.35. The stock has a market cap of $886.91 million, a price-to-earnings ratio of 49.18 and a beta of 0.04. Atento has a 52-week low of $6.85 and a 52-week high of $12.10.

Atento (NYSE:ATTO) last released 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). Atento had a return on equity of 11.96% and a net margin of 0.99%. The business had revenue of $473.70 million for the quarter, compared to analysts’ expectations of $464.12 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Atento’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts expect that Atento will post $0.80 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quantum Capital Management grew its position in Atento by 1.1% in the 2nd quarter. Quantum Capital Management now owns 16,911 shares of the business services provider’s stock valued at $189,000 after buying an additional 178 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Atento during the 2nd quarter valued at about $115,000. Sei Investments Co. boosted its position in shares of Atento by 402.0% during the 2nd 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 in the last quarter. Royce & Associates LP boosted its position in shares of Atento by 5.7% during the 2nd quarter. Royce & Associates LP now owns 722,601 shares of the business services provider’s stock valued at $8,057,000 after purchasing an additional 38,700 shares in the last quarter. Finally, Spark Investment Management LLC bought a new position in shares of Atento during the 2nd quarter valued at about $611,000. Hedge funds and other institutional investors own 95.69% of the company’s stock.

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.

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

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