Analysts Set Atento SA (NYSE:ATTO) Price Target at $5.50

Atento SA (NYSE:ATTO) has been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $5.50.

Several research firms recently weighed in on ATTO. ValuEngine cut shares of Atento from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Zacks Investment Research cut shares of Atento from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 19th.

Large investors have recently modified their holdings of the business. Balter Liquid Alternatives LLC increased its position in shares of Atento by 32.8% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 361,674 shares of the business services provider’s stock valued at $901,000 after purchasing an additional 89,274 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Atento by 11.8% during the 2nd quarter. GSA Capital Partners LLP now owns 78,000 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 8,216 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Atento by 133.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 17,536 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 10,036 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Atento during the 2nd quarter valued at about $125,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Atento during the 2nd quarter valued at about $64,000. 74.01% of the stock is owned by institutional investors and hedge funds.

Shares of Atento stock traded up $0.06 on Monday, hitting $2.83. The stock had a trading volume of 3,400 shares, compared to its average volume of 60,019. The stock has a market cap of $213.49 million, a price-to-earnings ratio of 3.58, a PEG ratio of 14.16 and a beta of 0.79. The stock’s 50-day simple moving average is $2.91 and its two-hundred day simple moving average is $2.63. Atento has a one year low of $2.10 and a one year high of $4.84. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 2.58.

Atento (NYSE:ATTO) last released its quarterly earnings results on Wednesday, November 13th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.15). The company had revenue of $412.30 million during the quarter, compared to the consensus estimate of $423.60 million. Atento had a negative net margin of 2.14% and a positive return on equity of 4.13%. As a group, equities analysts predict that Atento will post 0.02 EPS for the current fiscal year.

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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