Atento SA (NYSE:ATTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
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 Atento SA from a “sell” rating to a “hold” rating in a report on Monday, July 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.84.
Atento SA (NYSE:ATTO) traded up 1.79% during trading on Monday, hitting $9.10. The stock had a trading volume of 10,634 shares. The firm has a market cap of $671.13 million, a PE ratio of 72.80 and a beta of 0.08. The company’s 50-day moving average is $9.21 and its 200 day moving average is $8.91. Atento SA has a 52 week low of $6.77 and a 52 week high of $11.56.
Atento SA (NYSE:ATTO) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.13 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.13. Atento SA had a return on equity of 15.70% and a net margin of 0.51%. The firm earned $482.40 million during the quarter, compared to analyst estimates of $452.76 million. During the same period last year, the company posted $0.21 EPS. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities analysts expect that Atento SA will post $0.75 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 worth $127,000 after buying an additional 4,741 shares during the last quarter. 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 worth $160,000 after buying an additional 3,700 shares during the last quarter. 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 worth $1,216,000 after buying an additional 45,208 shares during the last quarter. 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 worth $5,961,000 after buying an additional 169,900 shares during the last quarter. 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 worth $11,605,000 after buying an additional 521,754 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.
About Atento SA
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Atento SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atento SA and related companies with MarketBeat.com's FREE daily email newsletter.