Atento (ATTO) Rating Lowered to Hold at ValuEngine

ValuEngine cut shares of Atento (NYSE:ATTO) from a buy rating to a hold rating in a report published on Thursday morning.

ATTO has been the topic of several other research reports. Barrington Research reduced their target price on shares of Atento to $14.00 and set an outperform rating on the stock in a report on Wednesday, March 21st. Robert W. Baird reduced their target price on shares of Atento from $14.00 to $12.00 and set an outperform rating on the stock in a report on Wednesday, March 21st. Finally, Zacks Investment Research cut shares of Atento from a hold rating to a sell rating in a report on Tuesday, March 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Atento has a consensus rating of Hold and a consensus target price of $13.25.

Shares of Atento stock opened at $7.90 on Thursday. The stock has a market cap of $583.88, a PE ratio of 10.53, a PEG ratio of 0.63 and a beta of -0.09. Atento has a 1 year low of $7.65 and a 1 year high of $12.90. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.58 and a current ratio of 1.58.

Atento (NYSE:ATTO) last issued its quarterly earnings results on Monday, March 19th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.04). The business 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%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 EPS. research analysts expect that Atento will post 0.84 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Compass Group LLC acquired a new stake in Atento in the fourth quarter valued at approximately $2,011,000. Macquarie Group Ltd. raised its holdings in Atento by 33.7% in the fourth quarter. Macquarie Group Ltd. now owns 76,008 shares of the business services provider’s stock valued at $771,000 after acquiring an additional 19,138 shares in the last quarter. Millennium Management LLC acquired a new stake in Atento in the fourth quarter valued at approximately $521,000. Two Sigma Investments LP acquired a new stake in Atento in the fourth quarter valued at approximately $1,427,000. Finally, Two Sigma Advisers LP acquired a new stake in Atento in the fourth quarter valued at approximately $320,000. 95.08% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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