Atento (NYSE:ATTO) Stock Rating Lowered by TheStreet

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TheStreet cut shares of Atento (NYSE:ATTO) from a c rating to a d rating in a research report report published on Friday, TheStreetRatingsTable reports.

ATTO has been the topic of several other reports. Barrington Research set a $10.00 price objective on Atento and gave the company a buy rating in a research report on Monday, May 20th. ValuEngine cut Acceleron Pharma from a strong-buy rating to a buy rating in a research report on Thursday, April 18th. Morgan Stanley reaffirmed a top pick rating on shares of in a research report on Wednesday, June 5th. Finally, Zacks Investment Research cut Horiba from a hold rating to a sell rating in a research report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Atento has an average rating of Hold and an average target price of $6.38.

NYSE ATTO opened at $2.23 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $176.64 million, a PE ratio of 2.90, a PEG ratio of 0.60 and a beta of 0.75. Atento has a 1 year low of $2.22 and a 1 year high of $8.45. The business has a 50-day simple moving average of $2.46.

Atento (NYSE:ATTO) last posted its earnings results on Monday, May 20th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.16). The business had revenue of $436.70 million during the quarter, compared to the consensus estimate of $427.17 million. Atento had a positive return on equity of 13.84% and a negative net margin of 1.42%. As a group, equities analysts anticipate that Atento will post 0.4 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in ATTO. Two Sigma Investments LP increased its position in Atento by 139.2% during the 4th quarter. Two Sigma Investments LP now owns 144,556 shares of the business services provider’s stock worth $580,000 after purchasing an additional 84,127 shares in the last quarter. Two Sigma Advisers LP increased its position in Atento by 48.9% during the 4th quarter. Two Sigma Advisers LP now owns 104,100 shares of the business services provider’s stock worth $417,000 after purchasing an additional 34,200 shares in the last quarter. Squarepoint Ops LLC increased its position in Atento by 81.8% during the 4th quarter. Squarepoint Ops LLC now owns 53,200 shares of the business services provider’s stock worth $213,000 after purchasing an additional 23,931 shares in the last quarter. Millennium Management LLC acquired a new stake in Atento during the 4th quarter worth approximately $149,000. Finally, Deutsche Bank AG increased its position in Atento by 2,239.4% during the 4th quarter. Deutsche Bank AG now owns 86,559 shares of the business services provider’s stock worth $347,000 after purchasing an additional 82,859 shares in the last quarter. Hedge funds and other institutional investors own 84.54% of the company’s stock.

About Atento

Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.

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