Atento (NYSE:ATTO) has received an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.38.
ATTO has been the subject of several research reports. Barrington Research set a $16.00 target price on Atento and gave the company a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded Atento from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Robert W. Baird reduced their target price on Atento from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, March 21st. ValuEngine downgraded Atento from a “buy” rating to a “hold” rating in a report on Thursday, March 22nd. Finally, Goldman Sachs initiated coverage on Atento in a report on Tuesday, April 3rd. They issued a “neutral” rating and a $10.50 target price for the company.
NYSE ATTO traded up $0.05 during trading on Friday, reaching $8.00. 89,260 shares of the company’s stock were exchanged, compared to its average volume of 123,001. The company has a market capitalization of $587.58, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 0.59 and a beta of 0.09. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.53 and a quick ratio of 1.58. Atento has a 1 year low of $7.55 and a 1 year high of $12.90.
Atento (NYSE:ATTO) last posted its earnings results on Monday, March 19th. The business services provider reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.04). Atento had a negative net margin of 0.88% and a positive return on equity of 13.57%. The firm had revenue of $478.30 million during the quarter, compared to analysts’ expectations of $486.19 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. equities research analysts expect that Atento will post 0.89 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC acquired a new position in Atento in the 4th quarter valued at about $20,787,000. Monashee Investment Management LLC acquired a new position in Atento in the 4th quarter valued at about $7,816,000. Prince Street Capital Management LLC acquired a new position in Atento in the 4th quarter valued at about $7,034,000. Verde Servicos Internacionais S.A. acquired a new position in Atento in the 4th quarter valued at about $5,015,000. Finally, Acadian Asset Management LLC increased its position in Atento by 84.0% in the 4th quarter. Acadian Asset Management LLC now owns 1,032,432 shares of the business services provider’s stock valued at $10,480,000 after acquiring an additional 471,284 shares during the period. 95.08% of the stock is owned by institutional investors and hedge funds.
Atento Company Profile
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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