Atento S.A. (ATTO) Raised to Hold at Zacks Investment Research

Atento S.A. (NYSE:ATTO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, May 11th.

According to Zacks, “Atento S.A. is a provider of customer relationship management and business process outsourcing (CRM BPO) services in Latin America and Spain. Its CRM BPO services include customer service, sales, credit management, technical support, back office, and service desk, as well as other BPO process services, such as training activities, workstation infrastructure, interactive voice response port implementation, telecommunications infrastructure, application development, and others. The Company’s clients are mostly multinational corporations in sectors such as telecommunications, banking and finance, health, consumption and public administration, among others. Atento S.A. is based in Luxembourg. “

Separately, Barrington Research initiated coverage on Atento in a report on Monday, April 24th. They issued an “outperform” rating and a $14.00 price objective for the company.

Shares of Atento (NYSE ATTO) opened at 10.45 on Thursday. Atento has a 52 week low of $6.85 and a 52 week high of $10.55. The stock has a 50 day moving average price of $10.13 and a 200-day moving average price of $9.00. The company has a market capitalization of $772.35 million, a PE ratio of 55.88 and a beta of 0.02.

Atento (NYSE:ATTO) last released its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. Atento had a return on equity of 11.78% and a net margin of 0.77%. The business had revenue of $468 million during the quarter, compared to analysts’ expectations of $442.32 million. During the same quarter last year, the business posted $0.13 EPS. The business’s revenue was up 12.6% on a year-over-year basis. Equities research analysts expect that Atento will post $0.78 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantum Capital Management raised its position in Atento by 46.4% in the first quarter. Quantum Capital Management now owns 16,733 shares of the business services provider’s stock worth $153,000 after buying an additional 5,300 shares during the period. Edinburgh Partners Ltd raised its position in Atento by 8.6% in the first quarter. Edinburgh Partners Ltd now owns 29,200 shares of the business services provider’s stock worth $267,000 after buying an additional 2,300 shares during the period. BlackRock Inc. bought a new position in Atento during the third quarter worth $267,000. Morgan Stanley raised its position in Atento by 51.8% in the first quarter. Morgan Stanley now owns 172,731 shares of the business services provider’s stock worth $1,580,000 after buying an additional 58,924 shares during the period. Finally, BlackRock Advisors LLC bought a new position in Atento during the third quarter worth $1,482,000. Institutional investors own 95.27% 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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