Several other equities research analysts have also recently weighed in on ATTO. Barrington Research reduced their price objective on Atento from $150.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 19th. Zacks Investment Research raised Atento from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Friday, September 4th.
NYSE:ATTO opened at $9.25 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.57. The company has a market capitalization of $138.73 million, a P/E ratio of -3.33 and a beta of 1.48. Atento has a 12 month low of $3.75 and a 12 month high of $39.10. The business’s 50-day moving average is $11.37 and its 200 day moving average is $27.44.
Atento (NYSE:ATTO) last issued its quarterly earnings data on Wednesday, August 5th. The business services provider reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.70) by $0.56. Atento had a negative return on equity of 15.97% and a negative net margin of 3.55%. The company had revenue of $314.50 million for the quarter, compared to analysts’ expectations of $302.10 million. On average, research analysts forecast that Atento will post -0.93 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eidelman Virant Capital bought a new position in shares of Atento during the second quarter valued at approximately $42,000. Plaisance Capital LLC grew its stake in shares of Atento by 40.1% during the second quarter. Plaisance Capital LLC now owns 332,178 shares of the business services provider’s stock valued at $392,000 after buying an additional 95,000 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Atento by 6.5% during the first quarter. Morgan Stanley now owns 696,135 shares of the business services provider’s stock valued at $765,000 after buying an additional 42,449 shares during the last quarter.
Atento Company Profile
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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