Atento (NYSE:ATTO) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Atento (NYSE:ATTO – Get Rating) in a research report issued on Friday. The firm set a “hold” rating on the business services provider’s stock.

Atento Price Performance

Shares of Atento stock opened at $1.73 on Friday. The stock has a 50 day moving average of $4.07 and a 200 day moving average of $4.32. Atento has a 12 month low of $1.70 and a 12 month high of $32.00.

Hedge Funds Weigh In On Atento

A hedge fund recently raised its stake in Atento stock. Renaissance Technologies LLC grew its stake in Atento S.A. (NYSE:ATTO – Get Rating) by 12.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,612 shares of the business services provider’s stock after purchasing an additional 3,400 shares during the period. Renaissance Technologies LLC owned approximately 0.21% of Atento worth $316,000 at the end of the most recent reporting period. 48.01% of the stock is owned by institutional investors.

About Atento

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Atento SA is engaged in the provision of customer relationship management business process outsourcing services and solutions. The firm offers front-end and back-end services ranging from sales, applications processing, customer care, and credit management. It operates through the following geographical segments: Europe, the Middle East and Africa (EMEA), America, and Brazil.