Atento (ATTO) Upgraded to “Sell” by ValuEngine

Atento (NYSE:ATTO) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Tuesday, September 11th.

ATTO has been the subject of a number of other research reports. Robert W. Baird dropped their price target on Atento from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Monday, July 30th. Barrington Research reiterated a “buy” rating and set a $14.00 price target on shares of Atento in a research report on Tuesday, July 31st. Finally, Zacks Investment Research raised Atento from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $11.50.

NYSE ATTO traded down $0.30 during trading hours on Tuesday, hitting $7.59. The company had a trading volume of 114,628 shares, compared to its average volume of 147,305. Atento has a 52 week low of $5.45 and a 52 week high of $12.90. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.26. The company has a market cap of $554.32 million, a P/E ratio of 10.12, a P/E/G ratio of 0.71 and a beta of 0.14.

Atento (NYSE:ATTO) last issued its quarterly earnings results on Monday, July 30th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. The firm had revenue of $473.40 million during the quarter, compared to the consensus estimate of $478.50 million. Atento had a positive return on equity of 14.95% and a negative net margin of 1.06%. Equities research analysts anticipate that Atento will post 0.76 EPS for the current year.

Several hedge funds have recently modified their holdings of ATTO. Millennium Management LLC bought a new stake in shares of Atento in the 4th quarter worth approximately $521,000. Wells Fargo & Company MN boosted its position in shares of Atento by 49.1% during the first quarter. Wells Fargo & Company MN now owns 162,308 shares of the business services provider’s stock valued at $1,266,000 after purchasing an additional 53,428 shares in the last quarter. Boston Partners boosted its position in shares of Atento by 23.1% during the first quarter. Boston Partners now owns 422,948 shares of the business services provider’s stock valued at $3,299,000 after purchasing an additional 79,405 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of Atento during the first quarter valued at approximately $1,063,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Atento by 179.5% during the first quarter. JPMorgan Chase & Co. now owns 121,721 shares of the business services provider’s stock valued at $949,000 after purchasing an additional 78,177 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

About Atento

Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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