Atento S.A. (NYSE:ATTO) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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. “
Shares of Atento (NYSE:ATTO) traded down 0.57% on Tuesday, reaching $8.70. The company had a trading volume of 16,137 shares. Atento has a one year low of $6.77 and a one year high of $10.31. The firm’s market cap is $643.01 million. The company has a 50-day moving average price of $8.02 and a 200-day moving average price of $8.88.
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Several institutional investors have recently bought and sold shares of ATTO. Morgan Stanley increased its position in Atento by 38.1% in the third quarter. Morgan Stanley now owns 164,709 shares of the company’s stock valued at $1,396,000 after buying an additional 45,463 shares during the period. BlackRock Group LTD bought a new position in Atento during the third quarter valued at approximately $621,000. BlackRock Inc. bought a new position in Atento during the third quarter valued at approximately $267,000. BlackRock Investment Management LLC bought a new position in Atento during the third quarter valued at approximately $191,000. Finally, BlackRock Advisors LLC bought a new position in Atento during the third quarter valued at approximately $1,482,000. Institutional investors and hedge funds own 95.79% of the company’s stock.
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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