Zacks Investment Research Lowers Atento S.A. (ATTO) to Strong Sell
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. “
Atento (NYSE:ATTO) traded down 1.64% during mid-day trading on Thursday, hitting $9.00. 6,740 shares of the stock were exchanged. Atento has a 52 week low of $6.77 and a 52 week high of $10.31. The company has a 50-day moving average of $8.91 and a 200-day moving average of $8.89. The stock’s market capitalization is $665.18 million.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in Atento by 2.8% in the fourth quarter. Royce & Associates LP now owns 691,625 shares of the company’s stock valued at $5,256,000 after buying an additional 18,900 shares during the last quarter. Newfoundland Capital Management acquired a new position in Atento during the fourth quarter valued at $5,263,000. BlackRock Advisors LLC acquired a new position in Atento during the third quarter valued at $1,482,000. BlackRock Inc. acquired a new position in Atento during the third quarter valued at $267,000. Finally, Edinburgh Partners Ltd increased its position in Atento by 22.2% in the third quarter. Edinburgh Partners Ltd now owns 22,000 shares of the company’s stock valued at $187,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.
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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