Atento S.A. (ATTO) Upgraded by Zacks Investment Research to Hold

Atento S.A. (NYSE:ATTO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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. “

Several other equities analysts also recently issued reports on the stock. ValuEngine raised shares of Atento from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Barrington Research began coverage on shares of Atento in a research note on Monday, April 24th. They set an “outperform” rating and a $14.00 price target on the stock.

Shares of Atento (ATTO) traded down 0.92% during midday trading on Monday, reaching $10.80. The company’s stock had a trading volume of 15,654 shares. The company has a 50 day moving average of $10.22 and a 200-day moving average of $9.04. The stock has a market capitalization of $798.22 million, a price-to-earnings ratio of 57.75 and a beta of 0.02. Atento has a 52 week low of $6.85 and a 52 week high of $10.95.

Atento (NYSE:ATTO) last announced its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $468 million for the quarter, compared to the consensus estimate of $442.32 million. Atento had a net margin of 0.77% and a return on equity of 11.78%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Equities research analysts predict that Atento will post $0.72 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the company. Edinburgh Partners Ltd increased its position in Atento by 8.6% in the first quarter. Edinburgh Partners Ltd now owns 29,200 shares of the business services provider’s stock worth $267,000 after buying an additional 2,300 shares in the last quarter. Quantum Capital Management increased its position in Atento by 46.4% in the first quarter. Quantum Capital Management now owns 16,733 shares of the business services provider’s stock worth $153,000 after buying an additional 5,300 shares in the last quarter. 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 business services provider’s stock worth $5,256,000 after buying an additional 18,900 shares in the last quarter. Morgan Stanley increased its position in Atento by 51.8% in the first quarter. Morgan Stanley now owns 172,731 shares of the business services provider’s stock worth $1,580,000 after buying an additional 58,924 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in 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 worth $25,063,000 after buying an additional 390,573 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

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.

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