Atento S.A. (NYSE:ATTO) hit a new 52-week high on Wednesday . The stock traded as high as $12.40 and last traded at $12.40, with a volume of 35,687 shares trading hands. The stock had previously closed at $12.20.
Several equities research analysts have recently weighed in on ATTO shares. Bank of America Corporation increased their price target on Atento from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Atento from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research note on Thursday, July 27th. Barrington Research increased their price target on Atento from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, August 21st. BidaskClub cut Atento from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 30th. Finally, ValuEngine raised Atento from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.50.
The company has a market capitalization of $916.47 million, a P/E ratio of 50.82 and a beta of 0.03. The firm’s 50 day moving average is $11.81 and its 200 day moving average is $11.07.
Atento (NYSE:ATTO) last released its earnings results on Monday, August 14th. The business services provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Atento had a net margin of 0.99% and a return on equity of 11.96%. The company had revenue of $473.70 million during the quarter, compared to the consensus estimate of $464.12 million. During the same period last year, the firm posted $0.13 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Equities analysts expect that Atento S.A. will post $0.78 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Edinburgh Partners Ltd lifted its stake in shares of Atento by 237.3% in the 3rd quarter. Edinburgh Partners Ltd now owns 98,500 shares of the business services provider’s stock valued at $1,143,000 after acquiring an additional 69,300 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Atento in the 2nd quarter valued at about $115,000. Quantum Capital Management lifted its stake in shares of Atento by 1.1% in the 2nd quarter. Quantum Capital Management now owns 16,911 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 178 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of Atento by 26.3% in the 2nd quarter. Nationwide Fund Advisors now owns 540,844 shares of the business services provider’s stock valued at $6,030,000 after acquiring an additional 112,564 shares during the last quarter. Finally, Newfoundland Capital Management lifted its stake in shares of Atento by 4.1% in the 2nd quarter. Newfoundland Capital Management now owns 1,689,408 shares of the business services provider’s stock valued at $18,837,000 after acquiring an additional 66,528 shares during the last quarter. 95.65% of the stock is owned by institutional investors.
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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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