Atento S.A. (NYSE:ATTO) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other analysts have also recently commented on ATTO. Zacks Investment Research upgraded shares of Atento from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. ValuEngine cut shares of Atento from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Bank of America Corporation upped their target price on shares of Atento from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, July 25th. 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 report on Monday, August 21st. One 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. The company presently has a consensus rating of “Buy” and an average price target of $14.33.

Shares of Atento (ATTO) opened at 11.90 on Wednesday. The stock’s 50 day moving average price is $11.74 and its 200 day moving average price is $10.13. The company has a market capitalization of $879.52 million, a price-to-earnings ratio of 48.77 and a beta of 0.04. Atento has a 1-year low of $6.85 and a 1-year high of $12.05.

Atento (NYSE:ATTO) last issued its earnings results on Monday, August 14th. The business services provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by $0.01. The business had revenue of $473.70 million for the quarter, compared to the consensus estimate of $464.12 million. Atento had a net margin of 0.99% and a return on equity of 11.96%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. Analysts expect that Atento will post $0.80 EPS for the current year.

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Several hedge funds have recently modified their holdings of ATTO. Nationwide Fund Advisors boosted its stake in shares of Atento by 9,883.2% in the first quarter. Nationwide Fund Advisors now owns 428,280 shares of the business services provider’s stock valued at $3,919,000 after buying an additional 423,990 shares during the last quarter. Quantum Capital Management boosted its stake in shares of Atento by 46.4% in the first quarter. Quantum Capital Management now owns 16,733 shares of the business services provider’s stock valued at $153,000 after buying an additional 5,300 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Atento by 16.6% in the first quarter. Wellington Management Group LLP now owns 2,739,190 shares of the business services provider’s stock valued at $25,063,000 after buying an additional 390,573 shares during the last quarter. Morgan Stanley boosted its stake in shares of Atento by 51.8% in the first quarter. Morgan Stanley now owns 172,731 shares of the business services provider’s stock valued at $1,580,000 after buying an additional 58,924 shares during the last quarter. Finally, Newfoundland Capital Management boosted its stake in shares of Atento by 204.3% in the first quarter. Newfoundland Capital Management now owns 1,622,880 shares of the business services provider’s stock valued at $14,810,000 after buying an additional 1,089,635 shares during the last quarter. Institutional investors own 95.69% of the company’s stock.

About Atento

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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