Atento S.A. (NYSE:ATTO) has been given an average recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $14.67.
Several research firms have commented on ATTO. Zacks Investment Research lowered Atento from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Robert W. Baird restated a “buy” rating on shares of Atento in a research note on Tuesday, September 19th. ValuEngine raised Atento from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Barrington Research upped 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, BidaskClub lowered Atento from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 30th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new stake in shares of Atento during the 2nd quarter valued at $115,000. Sei Investments Co. increased its position in shares of Atento by 402.0% in the 2nd quarter. Sei Investments Co. now owns 14,735 shares of the business services provider’s stock worth $164,000 after purchasing an additional 11,800 shares during the last quarter. Quantum Capital Management increased its position 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 worth $189,000 after purchasing an additional 178 shares during the last quarter. Smith Moore & CO. bought a new stake in shares of Atento in the 3rd quarter worth about $232,000. Finally, Spark Investment Management LLC bought a new stake in shares of Atento in the 2nd quarter worth about $611,000. 94.67% of the stock is owned by institutional investors.
The company also recently announced an annual dividend, which was paid on Tuesday, November 28th. Shareholders of record on Friday, November 10th were paid a $0.338 dividend. The ex-dividend date of this dividend was Thursday, November 9th. Atento’s payout ratio is currently 242.86%.
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.
Receive News & Ratings for Atento S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atento S.A. and related companies with MarketBeat.com's FREE daily email newsletter.