Atento S.A. (ATTO) Downgraded to “Sell” at BidaskClub

Atento S.A. (NYSE:ATTO) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Other analysts have also issued reports about the company. Bank of America Corporation lifted their price objective on Atento from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 25th. ValuEngine lowered Atento from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Robert W. Baird reiterated a “buy” rating and issued a $15.00 price objective on shares of Atento in a research report on Sunday, October 22nd. Barrington Research lifted their price objective on Atento from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, August 21st. Finally, Zacks Investment Research upgraded Atento from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $14.50.

Shares of Atento (ATTO) opened at $8.90 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $676.27, a PE ratio of 12.53, a P/E/G ratio of 0.78 and a beta of 0.05. Atento has a 12-month low of $6.85 and a 12-month high of $12.90.

Atento (NYSE:ATTO) last announced its quarterly earnings data on Monday, August 14th. The business services provider reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). The firm had revenue of $473.70 million during the quarter, compared to analyst estimates of $464.12 million. Atento had a return on equity of 12.63% and a net margin of 0.52%. Atento’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 earnings per share. analysts anticipate that Atento will post 0.78 EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Quantum Capital Management boosted its holdings in Atento by 1.1% during the second quarter. Quantum Capital Management now owns 16,911 shares of the business services provider’s stock worth $189,000 after buying an additional 178 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Atento during the second quarter worth about $115,000. Sei Investments Co. boosted its holdings in Atento by 402.0% during the second quarter. Sei Investments Co. now owns 14,735 shares of the business services provider’s stock worth $164,000 after buying an additional 11,800 shares during the last quarter. Smith Moore & CO. bought a new position in Atento during the third quarter worth about $232,000. Finally, Royce & Associates LP boosted its holdings in Atento by 5.7% during the second quarter. Royce & Associates LP now owns 722,601 shares of the business services provider’s stock worth $8,057,000 after buying an additional 38,700 shares during the last quarter. Hedge funds and other institutional investors own 95.75% 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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