Atento (ATTO) PT Lowered to $14.00 at Barrington Research

Atento (NYSE:ATTO) had its target price reduced by Barrington Research to $14.00 in a research report report published on Wednesday, MarketBeat Ratings reports. They currently have an outperform rating on the business services provider’s stock. Barrington Research also issued estimates for Atento’s Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.86 EPS and FY2019 earnings at $0.95 EPS.

“We are reducing our 2018 adjusted EPS forecast to $0.86 from $0.92 on incremental slowing in communications and financial services spending in Brazil.”,” the firm’s analyst commented.

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A number of other research firms have also issued reports on ATTO. Zacks Investment Research lowered Atento from a hold rating to a sell rating in a report on Tuesday, March 13th. ValuEngine raised Atento from a hold rating to a buy rating in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Atento presently has an average rating of Hold and a consensus target price of $13.25.

ATTO stock opened at $7.90 on Wednesday. The stock has a market capitalization of $598.66, a PE ratio of -35.91, a P/E/G ratio of 0.63 and a beta of -0.09. Atento has a fifty-two week low of $7.65 and a fifty-two week high of $12.90. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.09.

Atento (NYSE:ATTO) last released its earnings results on Monday, March 19th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The firm had revenue of $478.30 million for the quarter, compared to analyst estimates of $486.19 million. Atento had a positive return on equity of 13.19% and a negative net margin of 0.88%. Atento’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. analysts anticipate that Atento will post 0.85 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in shares of Atento in the 2nd quarter valued at $115,000. State of Tennessee Treasury Department acquired a new position in shares of Atento in the 4th quarter valued at $109,000. Virtu Financial LLC acquired a new position in shares of Atento in the 4th quarter valued at $235,000. Citadel Advisors LLC acquired a new position in shares of Atento in the 4th quarter valued at $292,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Atento in the 4th quarter valued at $320,000. Institutional investors and hedge funds own 95.08% of the company’s stock.

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About Atento

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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